Hewson's View: At the mercy of Trump (and his tweets)

By John Hewson
Updated July 2 2021 - 2:37am, first published August 8 2019 - 7:00pm
Currency woes: A bank employee counts US dollar banknotes next to stack of 100 Chinese yuan notes at a bank outlet in Hai'an in eastern China. China's yuan fell further this week against the US dollar, fuelling fears of increasing global damage from Beijing's trade war with Donald Trump. Photo: AP
Currency woes: A bank employee counts US dollar banknotes next to stack of 100 Chinese yuan notes at a bank outlet in Hai'an in eastern China. China's yuan fell further this week against the US dollar, fuelling fears of increasing global damage from Beijing's trade war with Donald Trump. Photo: AP

Two things are clear in what is happening between the US and China. First, the US is really struggling to come to grips with the rising (risen) China. Second, Donald Trump, contrary to his self-assessment, is not a negotiator's bootlace.

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