"While President Trump's unorthodox deal making style has intentionally resembled a "bull in a china shop," it was more like a placid cow in a field last week in China. The world collectively took a deep breath following the U.S.-China Summit, as neither Trump nor Chinese President Xi Jinping escalated the ongoing trade war between the two nations. However, among global leaders, business chief executives, and everyday consumers, many questions remain."
"On the one hand, engaging constructively is a positive step, even if small. Goldman Sachs CEO David Solomon highlighted this on Fox Business. He emphasized the importance of the heads of the two largest economies meeting face-to-face to reach "a more constructive place than we've been over the course of the last couple of months." Solomon said he does not believe a decoupling will occur, but he appropriately asserted that the U.S. needs a new policy to address longstanding market manipulations by China."
President Trump's deal-making style was expected to be disruptive but appeared placid during the China summit. The summit reduced immediate escalation risk as neither Trump nor President Xi Jinping intensified the trade war. Many stakeholders remained uncertain, and only two of 35 surveyed Chinese CEOs rated the summit highly. Two narratives emerged: one views face-to-face engagement as a constructive step, with David Solomon cautioning that the U.S. needs a new policy to counter Chinese market manipulations; the other sees little substantive progress, with Derek Scissors calling the meeting a waste and noting U.S. policy remains largely unchanged. The summit exposed tariff limits and left no clear long-term solution.
Read at Fortune
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