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🇨🇳 Trump's tariff escalation authority was stripped before Beijing. The CEO delegation is the substitute.
The day in view

🇨🇳 Trump's tariff escalation authority was stripped before Beijing. The CEO delegation is the substitute.

Macro Soup Newsroom Macro Soup Newsroom 4 min read

Trump arrives in Beijing with IEEPA-based tariff escalation off the table after a February 2026 Supreme Court ruling. PBOC swap-line drawdowns are at a two-year high, and CNY 2.1 trillion in MLF maturities land this month.

Close-up photo of Donald Trump in a dark suit, white shirt, and red tie with an American flag pin.
President Donald Trump said he will raise US arms sales to Taiwan with Chinese President Xi Jinping during their upcoming summit in Beijing. Source

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