Opinion
Dr. Weiss is the author of the forthcoming book “What China Wants: And What It Means for the World.”
TL;DR
- The US and China inflicted economic pain on each other through tariffs, tech controls, and export restrictions in the past year.
- A year-long truce is ending, making the upcoming meeting between Presidents Trump and Xi pivotal for their relationship.
- Both countries now understand neither can achieve a decisive victory due to their respective strengths.
- America's advantages lie in financial power and semiconductor technology, while China excels in exports, rare earth minerals, and AI.
- Building a lasting détente could have historical significance comparable to the US-Soviet Cold War coexistence.