How Trump and Xi can make America and China poor again

IF you think that the US-China trade dispute is going to be easily resolved, you're not paying attention. It's so much deeper than you think - and so much more dangerous.

If President Donald Trump and President Xi Jinping don't find a way to defuse it soon, we're going to get where we're going - fracturing the globalisation system that has brought the world more peace and prosperity over the last 70 years than at any other time in history. And what we'll be birthing in its place is a digital Berlin Wall and a two-Internet, two-technology world: one dominated by China and the other by the United States.

This will be a much more unstable and less prosperous world. Mr Trump and Mr Xi should drop everything and sit down to resolve this crisis before it becomes a runaway train - fuelled by populists and nationalists, and amplified by social media, in both countries.