US-China Trade Tensions Simmer Beneath Surface Ahead of Trump-Xi Summit
Industry experts anticipate that while the upcoming Trump-Xi summit will focus on cooperation, significant trade conflicts are escalating beneath the surface between the two global economic powers.
The scheduled summit next week between US President Donald Trump and Chinese President Xi Jinping will almost certainly include proclamations about cooperation, friendship and respect between the leaders of the worldβs two largest economies, but beneath the surface, major trade conflict is building, said trade experts on Wednesday. In the past, a weaker China was forced to grit its teeth and grudgingly accept US tariffs, export restrictions and other restrictions, but Beijing has quietly and...