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In Trump-Xi Fight, Both Leaders Make Big Bets That May Backfire

  • Yuan move spurs concerns trade conflict may escalate further
  • Neither Trump or Xi has domestic incentive to reach compromise
Donald Trump and Xi Jinping in Beijing, Nov. 2017.
Donald Trump and Xi Jinping in Beijing, Nov. 2017.Photographer: Qilai Shen/Bloomberg
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When Xi Jinping first met Donald Trump back in 2017, the Chinese leader said they had “a thousand reasons to make the China-U.S. relationship a success, and not a single reason to break it.”