The United States, a debtor nation with a fiscal deficit pushing $22 trillion, can no longer be big daddy to the world and has to husband its resources more judiciously.
Beijing has major risks to bear, too, if the trade squabble drags on for too long. Here’s why it would be in Xi’s best interest to reconcile with Trump.
China may well have been willing to give foreign companies wider access to its markets, but not to the extent of having those concessions codified into law.
China has enough bargaining chips to cement its spot as export king of the developing world. Trump must be strategic in trade negotiations with Xi Jinping.
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