A Look at Sino-American Imbalances

Who will hold out longer, Iran under a naval blockade or the world economy without 20% of its oil and gas supply?

Trump’s attack already seems distant, while the Taiwan issue is intimately relevant.

If the President of the United States behaves primarily as the chief negotiator for corporate America, then alliances themselves become contingent commodities.

The global backdrop has changed. Resource competition has escalated. It is no longer about interdependence.

The question Trump faces in Beijing will no longer be “whether he can strike a deal,” but rather, “what will he give up to get one.”