How to Win the Economic War with China
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Both President Donald Trump and Chinese President Xi Jinping declared victory after their recent meeting in South Korea, which resulted in a one year truce in the economic war between the two superpowers. Yet the thaw hides a harsh reality: the United States and China did not return to the status quo ante but entered a new phase in which Beijing has gained the upper hand. To rectify this situation, Washington needs to understand what went wrong—and use the truce, however long it lasts, to
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