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Proud. Unwilling to admit error or weakness. A canny negotiator. We’re not talking about Mark Zuckerberg (in which case the title of this missive should have been Saving Facebook), but rather, we speak of China. Of course, it is unfair to label an entire country as having these perceived character traits – but so have some labeled the Chinese, and in particular their leader, President Xi Jinping. Has he perhaps met his match, trait by trait, in President Donald J. Trump?
This is no idle speculation, as the US and China suddenly find themselves thrust into a series of tariff and trade-related moves that some have already come to label as a “trade war”. And each move, forward or back, has moved the stock market up or down accordingly.