China Could Lose in a Trade War With Trump
President Xi Jinping was smart to strike a softer tone on trade earlier this month.
It was a master class in public relations, and one that may have stopped a trade war. For now.
While U.S. President Donald Trump stewed about Beijing on Twitter, Chinese President Xi Jinping played the role of the grown-up and struck a softer tone. On April 10, Xi said his country was committed to becoming a more “open” market. As evidence, he offered to reduce tariffs, particularly the 25 percent levy China slaps on imported automobiles, as well as the limits on foreign ownership of auto plants.
The American president liked what he
