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“This is a major departure from Donald Trump's 'America First' foreign policy, which envisioned the US effectively taking on China by itself and making little to no effort to find areas of common interest with Beijing. As part of this new strategy, Washington will increasingly look to counter Chinese economic influence by promoting its own trade and infrastructure initiatives. This will naturally engender more economic competition between the US and China but may redound to the benefit of countries in a position to pick and choose the terms of their economic partnerships with Washington, Beijing, or both.”
17 Nov 2021
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