A deal between the two biggest competitors in business, tech and military is not easy to achieve. But even a limited deal will throw up threats and opportunities for countries like India.
Many Chinese pundits and commentators are jubilant about Donald Trump’s return to power. The US president avoided a direct attack on China in his inaugural speech on Jan 20. Two days later, he said he would impose a 10% tariff on Chinese goods, scaling back his earlier position of charging a 60% duty. On Thursday, the US leader went one step farther when he said that he would ‘rather not have to use [tariffs]. But it’s a tremendous power over China’.