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The Trumps and the Xis during a tour of Beijing's Forbidden City Photo: Jim Watson/AFP/Getty Images

Chinese workers and businesses are bracing for impact in the escalating trade war with the U.S., but they don’t tend to blame President Trump, according to David Rennie, the Economist’s Beijing bureau chief.

The bottom line: “Partly because they get their information from very, very strictly controlled Chinese state media, there isn’t a kind of anti-Trump wave that you see in so many other countries," Rennie explains on the Money Talks podcast. "The idea that an election in a place like America could change everything — that an insurgent outsider who kind of speaks to the interests of one part of the country, or one class of voter, could overthrow everything, could be a kind of revolutionary figure — that is very alien to the way that China likes to present politics.”

  • “This is probably the only country that is having a trade fight with Donald Trump which isn’t ascribing it, at the moment, in terms of a kind of America First populism.”
  • “The other thing is, taking on America and whipping up anti-American sentiment, that is a really quite high-risk maneuver for the Chinese government. So, for the moment, while the state media is criticizing Trump sharply and saying China will not be humiliated, that China will retaliate, there’s still a kind of more in sorrow than in anger tone to this.”

Go deeper

14 hours ago - Health

FDA advisory panel recommends Pfizer boosters for those 65 and older

A healthcare worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at the Key Biscayne Community Center on Aug. 24, 2021. Photo: Eva Marie Uzcategui/Bloomberg via Getty Images

A key Food and Drug Administration advisory panel on Friday overwhelmingly voted against recommending Pfizer vaccine booster shots for younger Americans, but unanimously recommended approving the third shots for individuals 65 and older, as well as those at high-risk of severe COVID-19.

Why it matters: While the votes are non-binding, and the FDA must still make a final decision, Friday's move pours cold water on the Biden administration's plan to begin administering boosters to most individuals who received the Pfizer vaccine later this month.

15 hours ago - World

France recalls ambassadors from U.S. and Australia over submarine deal

Secretary of State Antony Blinken (L), French Foreign Minister Jean-Yves Le Drian (C), and French ambassador to the U.S. Philippe Etienne. Photo: Nicholas Kamm/AFP via Getty Images

France has taken the extraordinary step of recalling its ambassadors to the U.S. and Australia after both countries blindsided their French allies with a new military pact and submarine contract, the French Foreign Ministry announced on Friday.

The backstory: While sealing an agreement with the U.S. and U.K. to acquire nuclear submarines, Australia ripped up an existing $90 billion submarine deal with France. That led senior French officials to accuse the U.S. of a "stab in the back."

Updated 15 hours ago - World

In reversal, Pentagon now says drone strike killed 10 Afghan civilians

Caskets for the dead are carried towards the gravesite as relatives and friends attend a mass funeral for members of a family that is said to have been killed in a U.S. drone airstrike, in Kabul on Aug. 30. Photo: Marcus Yam/Los Angeles Times via Getty Images

A U.S. drone strike launched on Aug. 29 killed 10 civilians in Afghanistan, including seven children, rather than the Islamic State extremists the Biden administration claimed it targeted, the Pentagon said Friday.

Why it matters: U.S. Central Command said at the time that officials "know" the drone strike "disrupted an imminent ISIS-K threat" to Kabul's airport, and that they were "confident we successfully hit the target."