The world’s two largest economies are nearing the finish line on a trade deal that could be signed by President Donald Trump and his Chinese counterpart Xi Jinping as early as this month. But that doesn’t mean the trade war ends.
United State (US) President Donald Trump and Chinese President Xi Jinping agreed to keep their trade war from escalating with a promise to halt the imposition of new tariffs for 90 days as the world’s two largest economies negotiate a lasting agreement.
Strategists in the West fear that China’s Belt and Road initiative (BRI) is a vast, well-laid and finely orchestrated plan to extend Chinese hegemony over much of the developing world.
United States (US) Defense Secretary James Mattis described India as the “fulcrum’’ of security in the Indo-Pacific region as he traveled this week to an annual security conference in Singapore, attended for the first time by an Indian leader.
The world will soon witness a historic test of wills between China and the United States, two superpowers whose leaders see themselves as supreme. In the immediate sense, it will be a battle over trade.
Chinese President Xi Jinping vowed to open sectors from banking to auto manufacturing, in a speech that also warned against returning to a “Cold War mentality” amid his trade disputes with U.S. counterpart Donald Trump.