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Trump visits Xi: what can the meeting achieve?

The two superpowers are dependent on one another, Naftemporiki points out:

“US industry cannot function without Chinese rare earths, whose value amounts to 1.2 trillion dollars, the equivalent of four percent of the US’s GDP. But it is equally true that the Chinese economy cannot survive without exports to the United States. And this is the card that Trump has in his hand. Of course, Bejing can sell its products to lots of other parts of the world, but without exports to the US it would have to rethink all its five-, ten- or fifteen-year plans and, in all likelihood, prepare for a recession. … However much they dislike each other, Trump and Xi will have to reach an agreement. And that is in the interest of the whole world.”

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