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A Dangerous Game of Chicken

As the “tit-for-tat” trade fight between the US and China escalates, Donald Trump is likely to find that he doesn’t “know China” the way he once thought. When he said that during the presidential campaign, he based his understanding of China on one thing: the high rent in Trump Tower that he had exacted from a Chinese bank. Today, he may still assume he can win a game of chicken by upping the ante until the Chinese eventually fold.