“In its trade standoff with Washington, Beijing thinks it has found America’s Achilles’ heel: President Trump’s fixation on the stock market,” the Wall Street Journal reports.
“China’s leader, Xi Jinping, is betting that the U.S. economy can’t absorb a prolonged trade conflict with the world’s second-largest economy… China is holding a firm line because of its conviction, the people said, that an escalating trade war will tank markets, as it did in April after Trump announced his so-called Liberation Day tariffs, prompting Beijing to hit back.”
“China expects that the prospect of another market meltdown ultimately will force Trump to negotiate at an expected summit with Xi late this month.”
Save to Favorites