Trump’s ‘deal’ with China is just a waypoint to the next fight
Trump behaves as though he has an unfettered ability to dictate terms to foreign countries, but that doesn’t work when you are so reliant on a single supplier who is looking to put you over a barrel.
It might sound odd to say, given that Donald Trump at one stage hit Chinese imports with tariffs of 145 per cent, but the truth is that the US president has barely turned his attention to China policy.
The negotiations, which concluded in London this week and involved three US cabinet secretaries and a politburo-led Chinese team, were an effort to untie the knot tangled by Trump’s initial sky-high tariffs.
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Richard McGregor is a senior fellow at the Lowy Institute in Sydney.
