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Fortune
Fortune
Paolo Confino

The U.S. is now gearing up for a confrontation with China, which some say was the plan all along

President Donald Trump and Chinese President Xi Jinping (Credit: Thomas Peter-Pool/Getty Images)
  • Markets roared after President Donald Trump issued a 90-day pause on his tariff policy, putting an end to a brutal week in the financial world. There’s a school of thought that the President’s tariff policy was always a ploy to target China and bring international partners closer to the U.S. But the idea is complicated by the fact global markets haven’t recovered and a trade war with China looms. 

With a single social media post, President Donald Trump reversed the stock market rout he induced just a week earlier with a Rose Garden address. 

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