One common criticism of President Donald Trump’s trade wars is the confusion on strategy. Just days ago he threatened Mexico with tariffs unless it blocked illegal border crossings while submitting legislation to Congress needed to ratify an updated Nafta guaranteeing free trade with Canada and Mexico.
So spare a thought for Chinese officials trying to read Trump as the showdown intensifies between the world’s two largest economies. In meetings with officials, investors and academics in Beijing, a theme emerges: Once confident it could deal with Trump, China is realising in the thickening fog of his trade war that this may be

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