Trump miscalculated on China. Now the administration is trying to fix the mess.
President Donald Trump started his world wide trade war with what appeared to be a strong hand. China's economy, in particular, seemed vulnerable as it struggled through a real estate crisis and governmental mismanagement. Beijing would have to deal on terms favorable to the United States.
U.S.-China trade talks this week, however, confirmed this was a miscalculation. Though Trump hailed the results of the summit, held in London, as a new trade deal, the terms largely echoed those of an earlier U.S.-China agreement in Geneva last month, the implementation of which China had slow-walked. Beijing's capacity to force economic pain on its people is hardly unlimited; popular outcry over strict pandemic-era restrictions eventually forced the government to relax them. But 'eventually' is the key word. Ending the suffering will now require serious dealing on both sides.
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