The trade truce with China effectively means that Trump has given up his grandiose dreams to remake the American economy and the world’s trade patterns through tariffs. Tariffs will primarily raise revenue for the Treasury and provide a small amount of encouragement to move manufacturing plants to the US; they won’t create the Godly Society. An all-out trade war and an effort to build a new economy based on import substitution would be too politically dangerous and too likely to fail. Trump’s more sober view of the situation is accurate, if belated, so it should be welcomed.
I’m guessing he thinks the AI is the new deus ex machina that will create American trade supremacy. TBD.