May 26, 2022
Here’s some good news on the gloomy international scene: Tensions will ease significantly between the U.S. and China soon, as the Biden administration slashes consumer tariffs and Beijing welcomes the move, at least privately. Expect a new round of trade negotiations too. The thaw comes after U.S. Treasury Secretary Janet Yellen makes a big push for change, and as Chinese Premier Li Keqiang, long dismissed as an also-ran, becomes a key player. President Joe Biden and President Xi Jinping reluctantly go along.
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