John K. Defterios, Anchor and Emerging Markets Editor, CNN International speaks during the 2012 of the World Economic Forum at the congress centre in Davos, Switzerland, January 27, 2012. (Wikipedia/Michael Wuertenberg)
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For host Germany, it was not the greatest moment of economic diplomacy, especially after what was viewed as a frosty bilateral meeting between German Chancellor Angela Merkel and U.S. President Donald Trump.Trump campaigned for the White House on a promise to reverse America's more than half-trillion-dollar trade deficit, just under $350 billion of which is with China alone. According to Maratheftis it could be a bargaining position to garner better bilateral agreements, or perhaps Trump believes lower levels of trade will help correct the stubbornly high deficit and drive growth higher if U.S. workers create products to replace imports.China's President Xi Jinping staked out that position in January two days before the U.S. president was inaugurated and his premier reiterated that message at the start of the recent National People's Congress in Beijing.Geopolitical strategist Ian Bremmer, president of the Eurasia Group, believes that Trump's position is forcing his Chinese counterpart to step onto the global stage well ahead of his preferred timeline.
U.S. president’s uneasy alliance with OPEC
Shock and awe in Saudi Arabia
of the GCC
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