The balance of power between the US and China has shifted since Trump launched his trade war in 2018.
Gyeongju, South Korea – Donald Trump and Xi Jinping’s trade truce in South Korea has left observers to debate which leader came out on top.
But on the shifting balance of power between the leaders, there is practically no disagreement.
Xi entered Thursday’s summit with the US president in a far stronger bargaining position compared with their last face-to-face meeting in 2019 – and he left their talks with some rare concessions in the form of a partial rollback of technology-related export controls.
While Trump and Xi’s meeting on the sidelines of the APEC summit was full of handshakes and niceties, the Chinese leader himself appeared to stress their equal status, invoking the image of two captains at the helm of a ship.
“In the
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