Trading Favors in Beijing The latest summit between Xi Jinping and Donald Trump has yielded agreements on trade and investment that have been met with both relief and skepticism.
On paper, these commitments appear to mark a step forward for bilateral relations, but closer inspection reveals they are more about trading favors than genuine economic cooperation.
At the heart of these agreements are the establishment of trade and investment councils, which will supposedly facilitate discussions on issues such as tariff reductions on specific products.