From The New York Times,
I'm Natalie Kitroff.
This is The Daily.
Over the weekend,
the U.S. and China met for the first time
since President Trump rapidly escalated a trade war between the world's two economic superpowers.
The negotiations could have huge implications for a global economy rocked by Trump's tariffs.
Today, my colleague, Beijing Bureau Chief Keith Bradshaw,
on the pressures facing China as it came to the negotiating table, and why it so badly needs a deal.
It's Monday, May 12th.
Keith, it's nice to have you back on the show.
Thank you, Natalie.
Good to be back.
So we on the show have talked quite a bit about the impact of tariffs on the US economy.
We've talked less about the impact of tariffs on China's economy.
And as we enter what seems like.
Potentially a new phase in this trade war where the two sides are talking to one another.
It seems important to understand something you've been reporting on, Keith,
which is that the tariffs present a real nightmare scenario for China.
Tell me about that.