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'US Blinked' in Trump, Xi Meeting, Says Mary Lovely
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Why This Matters
The US is perceived to have compromised its negotiating position in trade talks with China, potentially weakening its leverage, according to a Peterson Institute expert.
Market Impact
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Bearish
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Article Context
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Mary Lovely, nonresident senior fellow at the Peterson Institute for International Economics, said that the US 'blinked' as the Trump administration attempted to gain leverage in trade negotiations with China, leaving negotiators in a weak position. (Source: Bloomberg)
Original article published by
Bloomberg
on October 30, 2025.
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