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President Trump expressed optimism about a US-China trade deal within the next month, despite a lack of confirmation from Beijing. This follows escalating tariffs, reaching up to 245% on some Chinese goods. Experts suggest China's authoritarian system gives Xi Jinping more leverage than Trump, who faces domestic political pressures. While China is courting European and Southeast Asian partners, the US is also engaging in talks with the EU. The unpredictability of Trump's policies, however, poses a risk to long-term alliances and global business sentiment.

Prepared by Christopher Adams and reviewed by editorial team.