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world Scmp World 2026-04-02

US-China Trade War 1 Year On: Who Really Holds the Upper Hand?

The US-China trade war has reached its one-year mark, with tensions still high despite a recent truce. The situation remains unstable, with officials and journalists alike struggling to keep up with the latest developments.


As China and the United States wrapped up their sixth and most recent round of trade talks in Paris this March, a minor mishap briefly stole the spotlight. A sudden gust of wind toppled two American flags in the background, where journalists were waiting for US Treasury Secretary Scott Bessent. Officials rushed to tape them to the wall – a fitting tableau for a trade war that, one year on, is patched together by a truce yet remains far from resolved. At their respective press appearances,...

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