Trump Calls China a Rival, But Softens Tone on Trade
In his first State of the Union address, U.S. President Donald Trump referred to China as a rival and declared an end to what he called an era of economic surrender. The Trump administration has repeatedly accused China of trade abuses and more trade actions against Beijing are expected soon, but the president did not mention the world’s second largest economy directly when he pledged to protect intellectual property and fight for fair and reciprocal trade. Some analysts said that could be for a number reasons that include expectations his administration may soon announce even more trade measures. The other possibility is that there are different views on China within the U.S. government and there is no clear path forward. Julian Evans-Pritchard, an economist at Capital Economics in Singapore said the Trump administration appears to be taking a more cautious approach. “The risk, I guess, is that if you push...
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