From Bloomberg Markets and Finance.
President Xi Jinping’s diplomats are fanning out across the world with a clear message for countries cutting deals with Donald Trump: The US is a bully that can’t be trusted.
Chinese officials are racing to turn foreign governments against the US inside a 90-day window Trump has granted all nations — except China — to strike trade deals during a tariff reprieve. Once those pacts are in place, Treasury Secretary Scott Bessent has said he wants US allies to “approach China as a group,” giving his side more leverage in negotiations.
While US allies from South Korea to the European Union rely on Washington for security and have incentive to appease Trump economically, China is approaching the tariff battle on a more equal footing. Beijing has devoted years since Trump’s last trade war to weaning its economy off many US exports, and has the world’s largest military by number of active soldiers.
Elizabeth Economy, Hargrove Senior Fellow at the Hoover Institution at Stanford University, discusses the fragile state of US-China relations and who will ultimately emerge victorious in what she calls a "game of chicken." Dr. Economy speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
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