After weeks of escalating trade tensions between China and the United States over import tariffs, Chinese leader Xi Jinping has finally capitulated to U.S. pressure.
In a speech before the Bo’ao Forum for Asia, held on the southern Chinese island of Hainan on April 10, Xi made it clear that he was willing to concede on several demands that U.S. President Donald Trump has made in pushing China toward a more equitable trade relationship with the United States.