President Trump has finished his "state visit plus" to China. General Secretary Xi Jinping, now the most powerful Chinese leader in decades, put on a masterful show of pomp and flattery, including the first dinner in the Forbidden City for a foreign leader since 1949. President Trump returned the flattery, as you would expect a guest to do.
Our thought: Pomp and flattery aside, it is not so clear that Xi played Trump. The administration has a good team of China people. Trump may return to the U.S. and, barring a real breakthrough over the North Korea issue, begin rolling out a tougher policy towards China, especially on trade. Trump has been consistent for decades in his criticism of China and its trade practices, so the last 10 months of relative calm in the U.S.-China relationship seem more an anomaly than the status quo.