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“Travelling through the US Midwest last week, I came across a sense of weary exasperation, not only about Trump’s tariff policies, which badly impact the states along the Canadian border, but over the grotesque freakshow behind them.”

“… now saw itself as a co-equal great power that could withstand US economic force, and had been surprised by how quickly Trump had shifted from extreme confrontation and tariff brinkmanship to accepting Beijing’s framework of “constructive strategic…”

“It will be Trump and Xi’s third face-to-face meeting in 12 months, over which time China’s economy has withstood US efforts to break its export-led growth model through tariffs and other controls.”

“He then spent the next 18 months slapping his name on policy after policy despite many of them – including his tariffs, the war on Iran and changes to tax rates and food assistance – seeming to ensure that those same people would get an even worse deal.”

“The focus on energy costs has tended to relegate the other major Trump-inspired source of inflation to the sidelines of discussion - but, as with fuel prices, the impact of his tariffs is still working its way through the US economy.”

“The Financial Times reported in September that Brussels had urged Burnham to align more closely with EU trade policy and raise tariffs on Chinese cars if Britain wants to avoid the “Made in Europe” barriers.”

““Since our last meeting, global economic and policy uncertainty has increased substantially following tariff announcements by the US administration … It’s been a complete rollercoaster, I’d have to say.””

“China and the United States have been discussing reciprocal tariff reductions on $US30 billion ($42.1 billion) worth of goods from each side.”