How China's Xi Jinping is filling the 'global leadership vacuum' left by Trump
— April 12, 2018
By Joseph Foudy
In a rare case of progress, the U.S. recently was able to successfully negotiate a (mostly symbolic) trade deal with South Korea. But then only days later, the President Trump threatened publically to walk away from the agreement. If grand strategy focuses on uniting allies and dividing enemies, disarray in Washington is unfortunately achieving the opposite objectives.
Meanwhile China cautiously, but continually, expands its influence. President Xi Jinping took center stage Monday at the annual Boao forum, China's answer to Davos. He and other Chinese leaders spoke optimistically about opening China and playing a responsible role on the world stage. While Trump's trade rhetoric caused market jitters, Xi soothing and supportive words had a calming effect (even if many are skeptical about Chinese assurances over trade.)
Read more as published on CNBC.
Joseph Foudy is a Clinical Associate Professor of Economics.