Paul Krugman:
"So basically Trump has backed down in his confrontation with China. If this was a trade war, China won.
This whole confrontation has been a demonstration of Chinese strength and American weakness. Add in the way that Trump has alienated our allies, and it seems fair to say that America is no longer the world’s leading power.
You might say that he ceded the future to China in return for a hill of (soy)beans."
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