Nikkea Asian Review: “With a ‘phase one’ trade deal due to be signed on Jan. 15, the Trump administration has signaled a tentative and limited rapprochement in its trade war with China, which saw high tariffs placed on Chinese imports and bans on the export of technology products. However, despite those punitive measures and the aggressive messaging coming out of the White House, many of the states and counties that came out for Trump in 2016 have spent the past few years gorging on Chinese money.”
“Their reliance on investment from China only serves to underline how deeply intertwined the world’s two largest economies are, and how the president’s desire to unwind decades of trade imbalances could put him at odds with his own base as he seeks reelection this November.”
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