IN THE EARLY months of America’s trade war against the world, speculation mounted. Could the two other major trading powers, China and the European Union, collaborate to intensify their bilateral trade links so as to compensate for America’s isolationism? A summit on July 24th in Beijing will show that the answer is emphatically “no”. It was supposed to be a celebration of 50 years of diplomatic ties. Now it looks set to be a sputtering squib.
The Economist
