A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here . New York CNN  —  Tracking the trade war in 2025 feels a bit like getting repeatedly punched in the gut. We suddenly have a 90-day detente in a manufactured crisis : The US has lowered its 145% tariffs on most Chinese imports to 30%, and China has reduced its 125% tariffs to 10%. In the distorted reality of Trump 2.0, that slightly lighter punch in the gut is what counts as