Trump-Xi meeting: An economic truce born of mutual pain
The world’s two largest economies have discovered that neither can afford unlimited confrontation – at least for now
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THE Trump-Xi meeting in South Korea on Thursday (Oct 30) represents a tactical pause in what has become an economically punishing conflict for both nations.
Senate Democrats warned ahead of the meeting that Trump was “losing a self-inflicted trade war” with China, leaving the US with a “weak hand”; yet, the outcome suggests both leaders found compelling reasons to step back from the brink.
The economic stakes driving this detente are enormous.
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