What a difference a few weeks makes. In late April, optimism about a looming U.S-China trade deal permeated the spring air. Stock markets were upbeat, and press reporting confident. Then, in early May, Chinese negotiators unexpectedly (or maybe expectedly) backtracked on previously settled commitments for structural reforms.
Beijing is apparently no longer willing to change […]The post U.S.-China Trade Impasse: For Washington, Now is Not the Time to Blink appeared first on War on the Rocks.