Just the other day, U.S. President Donald Trump vented his frustrations on Twitter about ongoing trade negotiations with Chinese President Xi Jinping. Should Trump indeed return to office come January. He suggested that finding a deal with Xi has been extraordinarily difficult. This statement follows more than two years of increasing hostility between the two nations, which have been a key feature of Trump’s administration.
During a visit to Beijing in November 2017, Trump and Xi famously shook hands, signaling a cooperative spirit at the time. That marriage has since crumbled, especially after Trump re-assumed the presidency last year. Trade negotiations, economic policies, and geopolitical strategies are the new normal. These factors have colluded to produce a climate of uncertainty both within the United States and China.
In light of the these alarming recent developments, it is troubling to hear Trump’s recent statements praising Xi even while admitting bad outcomes in meetings. He stated, “I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!”
Trump wants to keep just that kind of balance. He owns up to his man-crush on Xi, but he is equally open about the perils that their relationship poses. In the intervening months, the urgency for a resolution has only increased. Continuing trade conflicts and other global pressures today require joint efforts on behalf of the two economic superpowers.
Importantly, as tensions continue to rise, the consequences for global economic markets and international diplomatic relations are substantial. I have to agree that the United States and China are both essential linchpins of international commerce. They are important partners in addressing shared global challenges including climate change and threats to security.