In response to the persistent tariffs imposed by President Donald Trump's administration, China has taken decisive actions that reignite the debate on the dynamics of this trade war. A notable move is the removal of a significant 125% tariff on U.

As financial markets pin their hopes on a de-escalation in the U.S.-China trade war, some experts caution that meaningful progress in striking a deal between the world's two largest economies may still be some way off.

China’s leaders are already yanking levers to soften the blow. At a Politburo meeting on April 25th, they vowed to increase rebates of unemployment-insurance payments for firms hit by tariffs. But there is another labour market saviour: the vast gig economy.