China Is Winning the Trade War Without Fighting
Bloomberg reports that even before Donald Trump and Xi Jinping meet in South Korea on Thursday, the winner in this round of trade talks is clear.
China has conceded just enough to appear conciliatory. That has bought Beijing time to focus on what matters most: Taiwan, high-tech advancement, and long-term dominance of the Indo-Pacific. The US president might think that he has the upper hand, but in actual fact he is handing his Chinese counterpart a victory. All the signals point to mutual de-escalation, as my... ...
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