https://ft.com/content/429bbfe1-4c0d-4c29-95b7-ef21c696fb56
You’ll see a lot of cheery optics around the meeting, the core issues between the two countries aren’t getting any easier.
There’s plenty for Joe Biden and Xi Jinping to discuss, including the US fentanyl crisis and China’s role in the trade of this highly addictive narcotic,
The Biden administration has made it clear that if China tries to dump more cheap stuff into the US market it will use tariffs to prevent this.
China hasn’t been able to stimulate its own consumer spending, and is still reliant on being a factory to the world, albeit in higher-margin goods. All of this seems to me like a recipe for more trade wars in the year ahead.
@ISIDEWITH7mos7MO
