US-China Trade Tensions Escalate Ahead of Potential Trump-Xi Meeting
By
bloppe
Pale and squishy. Not ruined, just not done.
Summary
The article discusses the escalating trade tensions between the US and China, highlighting the poor communication between the two nations as they prepare for a potential meeting between Trump and Xi Jinping. It describes how both countries have been imposing retaliatory measures - America with tech-export restrictions and tariff threats, and China with sanctions and rare earths restrictions. The White House believes America has the upper hand, but China has been rebuffing American pressure and rewriting global commerce norms.
Key quotes
· 4 pulledSuch is the shocking state of the world's most important relationship.
America has tightened tech-export restrictions and threatened higher tariffs; China has wielded sanctions and restrictions on rare earths.
In the White House there is a belief that America has the upper hand in this test of nerves and pain-tolerance.
It has rebuffed America and rewritten the norms of global commerce.
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