When top European Union (EU) officials face off with their Chinese counterparts next week to try and hammer out an investment treaty, figures in Washington, where US trade officials spent two presidential terms trying to do the same, will be watching closely.
No one in the United States will feel the pressure more than President Donald Trump, who has staked much of his reputation on creating a more balanced trade and investment relationship with China. Any concessions the EU might extract from Beijing would likely intensify the US leader’s hard-driving approach to a bilateral trade war with China that has dragged on for two years, analysts said.
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