As Mexico faces up to the prospect of a protracted trade struggle with President Donald Trump, China has lessons to offer its fellow Group of 20 member.
For the last two-and-a-half years, Beijing has witnessed multiple false dawns in its trade standoff with the U.S., enduring a roller-coaster ride of grand announcements, presidential tweets, stalled talks and mutual recriminations. After negotiations fell apart last month, Trump hiked tariffs on $200 billion of Chinese goods to 25% from 10% and stepped up moves to kneecap Chinese companies like Huawei Technologies Co.
