China will not relent on industrial policy imperatives, such as Made in China 2025, aimed at building self-reliance. For now, however, Mr. Trump seemed to indicate his desire to walk back from that impasse. “China and the United States are working well together on trade,” he wrote. Mr. Trump was criticized by members of Congress for his efforts to protect ZTE. If Mr. Trump was announcing a huge concession with his tweet, it was without any indication of what he might have gotten in return.

Source: New York Times May 13, 2018 16:37 UTC