3 factors behind Trump's cave on his China trade war

Photo: Shawn Thew, Pool/Getty Images

Who knows how the chest-bumping over China ends. But for now, President Trump’s anti-China advisers are right: The president is buckling on his threats to punish China with fundamental, lasting changes to trade tariffs and rules. 

The big picture: The reasons are threefold: North Korea, Steve Mnuchin and a lack of focus internally.