Under the Banyan Tree – US, China and more chocolate cake? | 20 May 2026 | HSBC Global Viewpoint
1. Context of the US-China Summit & Macro Stabilization
- The Macro Shift: Over the past 12 months, the US-China relationship has experienced an unexpected stabilization. Following the aggressive tariff spikes of April 1st last year—where certain triple-digit tariffs famously shot above 150%—bilateral tensions have cooled significantly [00:02:25], [00:08:37].
References
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