(Peter Buxbaum – Global Trade Magazine)
US President Donald Trump arrives in China on the heals of the Communist Party Congress in Beijing, and Chinese President Xi Jinping will welcome President Trump as the most powerful leader in China since Mao Zedong. Trump is due to land in Beijing tomorrow.
That scenario, combined with Trump’s eroding support at home, will play out in his talks with Xi on trade. Xi’s consolidation of power, ironically, could make him more reluctant to agree to any breakthroughs on trade. Meanwhile, trump’s abandonment of the Trans-Pacific Partnership and his embrace of bilateral economic relationships will cast a pall on talks with other Asian partners during the trip.
Xi’s consolidation of power “has both benefits and risks for President Xi,” said Christopher K. Johnson, an Asian affairs specialist at the Center for Strategic and International Studies at a press briefing in Washington last week. “On the benefit side, obviously he’s in a very strong position with no visible or other domestic opposition. Click here to read more.