Phelim Kine

United States, Washington, D.C., United States

D.C.-based China Correspondent at POLITICO

D.C.-based China corro @Politico; Past @hrw @DowJones @phnompenhpost; New administration: DMs open! Tips to pkine AT https://t.co/yUj24UJxg2 SIGNAL 212 810 0469

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Articles

Why Trump and China pulled back from their trade war

2 days ago | politico.com | Victoria Guida |Daniel Desrochers |Megan Messerly |Phelim Kine

The agreement is an acknowledgment that a full-on economic divorce of the U.S. and China would be too painful for both sides, despite outward swagger from both Trump and Beijing. Indeed, Treasury Secretary Scott Bessent underscored Monday that the goal was not “a generalized decoupling from China.” “I know for many of the hawks, people on our side, that want total decoupling — [it’s] not 100 percent victory,” Steve Bannon, a longtime Trump adviser, said on his “War Room” show.
Why Trump and China pulled back from their trade war

2 days ago | flipboard.com | Victoria Guida |Daniel Desrochers |Megan Messerly |Phelim Kine

16 hours agoU.S. and China agree to slash tariffs for 90 days as trade talks continueThe world’s two biggest economies agreed to a temporary rollback of most of their recent levies after negotiating in Switzerland over the weekend.
Bessent touts 'productive' talks with China, details coming Monday

3 days ago | politico.com | Ari Hawkins |Phelim Kine

“We will be giving details tomorrow, but I can tell you that the talks were productive,” said Treasury Secretary Scott Bessent. Treasury Secretary Scott Bessent testifies before the House Financial Services Committee on Capitol Hill on May 7, 2025. | Francis Chung/POLITICO The United States and China have made “substantial progress” toward reaching a detente in their trade war, Treasury Secretary Scott Bessent said.
US-China agree on trade consultation platform amid sky-high tariffs

3 days ago | yahoo.com | Ari Hawkins |Phelim Kine

The United States and China have agreed to establish a new platform for more tariff negotiations after two days of talks in Geneva, aimed at lowering trade tensions.
US-China agree on trade consultation platform amid sky-high tariffs

3 days ago | cnas.org | Ari Hawkins |Phelim Kine

The United States and China have agreed to establish a new platform for more tariff negotiations after two days of talks in Geneva, aimed at lowering trade tensions.
Tak Chiny zamierzają pokonać Trumpa w jego wojnie handlowej. "Ukłon w stronę tyrana jest jak picie trucizny, aby ugasić pragnienie"

3 days ago | wiadomosci.onet.pl | Daniel Desrochers |Phelim Kine |Ari Hawkins |Megan Messerly

Wyraźna gotowość Trumpa do złagodzenia amerykańskich ceł na chińskie towary — obecnie wynoszących co najmniej 145 proc. — do 80 proc. pojawiła się w momencie, gdy sekretarz skarbu Scott Bessent przygotowywał się do spotkania z chińskimi urzędnikami w Genewie w ten weekend.
Baby steps, not breakthroughs, expected as US, China talk trade

4 days ago | politico.com | Daniel Desrochers |Phelim Kine |Ari Hawkins |Megan Messerly

“He’s probably mostly in listening mode, and will take back what he receives to President Xi,” said Christopher Adams, a former senior coordinator for China affairs at the Treasury Department.
The US-China trade meeting’s low bar: Progress

4 days ago | cnas.org | Daniel Desrochers |Phelim Kine |Ari Hawkins |Megan Messerly

President Donald Trump signaled Friday that his soaring tariffs on China may soon begin to drop. That doesn’t mean the two countries are close to a deal. Trump’s apparent willingness to ease U.S. tariffs on China — currently at a minimum of 145 percent — down to 80 percent comes as Treasury Secretary Scott Bessent prepares to meet with Chinese officials in Geneva this weekend.
The US-China trade meeting’s low bar: Progress

4 days ago | yahoo.com | Daniel Desrochers |Phelim Kine |Ari Hawkins |Megan Messerly

President Donald Trump signaled Friday that his soaring tariffs on China may soon begin to drop. That doesn’t mean the two countries are close to a deal. Trump’s apparent willingness to ease U.S. tariffs on China — currently at a minimum of 145 percent — down to 80 percent comes as Treasury Secretary Scott Bessent prepares to meet with Chinese officials in Geneva this weekend.
‘Lot of other countries in the queue’: UK trade deal is a first step on a long road

6 days ago | politico.com | Megan Messerly |Daniel Desrochers |Ari Hawkins |Phelim Kine

Everett Eissenstat, who served as deputy director of the National Economic Council during the first Trump administration, said the agreement was a “very significant development” that “shows where the administration is willing to find accommodations and where it is not.” But “negotiating durable trade agreements takes time,” he added.