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Global Business News

The Economic Times

Global Business / The Economic Times

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The US is badly losing its trade war with China

Xi Jinping's upcoming visit marks the first Chinese state visit to the United States since 2015. US-China trade policies initiated in 2018 have not achieved their intended goals, despite some superficial successes. China's trade position has strengthened, and it continues to be a leading manufacturer and exporter. US tariffs and export controls have led to unintended consequences that impact American companies and consumers.

23 Sep 2026 3:09 pm