By Niall Ferguson (original source The Times)
“Are the United States of America and the People’s Republic of China heading for a new Cold War? And if they are, what should we call it? These may seem strange questions to ask only three days after President Donald Trump appeared to raise hopes of an end to the trade war that he started against China last year — or at least a continued ceasefire.
On Thursday Trump met Liu He, the vice-premier whose thankless task it has been to lead the Chinese side in the past year’s trade negotiations. Liu must have been relieved by what the president had to say to reporters. “We never really had a trade deal with China, and now we’re going to have a great trade deal with China,” Trump declared.”
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