America and China have spooked each other
With the costs of the trade war abundantly clear, officials seek to restore their truce
Officials from America and China met for the latest round of trade talks on June 9th-10th in Lancaster House, a mansion near Buckingham Palace. The building was commissioned in 1825 by the “Grand Old” Duke of York, whose military manoeuvres have been immortalised in a children’s song. A fitting venue, then, for a trade war of escalations and climbdowns.
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This article appeared in the Finance & economics section of the print edition under the headline “Neither up nor down”
Finance & economics
June 14th 2025
From the June 14th 2025 edition
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