Destructive confrontation and intractable hostility between nuclear-armed military powers should give way to a sober-minded statecraft based on a worldly assessment of national interest.
Is there a message here about differences of market access in the U.S. and China?The Japanese have no comment on that, but the Europeans — led by French President Emmanuel Macron and the EU Chamber of Commerce in Beijing — strongly complain about China's trade rules and practices.
Not to be outdone, German Chancellor Angela Merkel – who was on a sales mission in India last week – wants to make trade with China a focal point of Germany's rotating EU presidency next year with an all 27-member summit with China in Leipzig scheduled for September 2020. Macron knows he cannot change German economic policies to get a pro-growth monetary and fiscal policy mix. And that can easily lead to Macron's political demise during the next elections in 2022.
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