The recent actions of Swiss leaders illustrate the shifting dynamics of global trade relations as the U.S.-China trade war escalates. With Switzerland's foreign minister strengthening ties with China and the president lobbying against steep U.S. tariffs, countries are aligning themselves based on new realities. Trump's tariffs are reshaping the foreign policy landscape, prompting allies like Switzerland to consider greater engagement with China, which presents itself as a stable trading partner, offering alternatives to American markets amid tensions in global trade policy.
As Trump's trade war locks the world's two largest economies on a collision course, America's unnerved allies and partners are cozying up with China to hedge their bets.
Trump has paused some of his steepest tariffs on most American partners for 90 days after global financial markets melted down. But the Republican president has raised tariffs on Chinese goods to 145%, drawing rebukes from Beijing.
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