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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

Mike Allen, author of AM
12 mins ago - Politics & Policy

Biden adviser Cedric Richmond sees first-term progress on reparations

Illustration: "Axios on HBO"

White House senior adviser Cedric Richmond told "Axios on HBO" that it's "doable" for President Biden to make first-term progress on breaking down barriers for people of color, while Congress studies reparations for slavery.

Why it matters: Biden said on the campaign trail that he supports creation of a commission to study and develop proposals for reparations — direct payments for African-Americans.

Cyber CEO: Next war will hit regular Americans online

Any future real-world conflict between the United States and an adversary like China or Russia will have direct impacts on regular Americans because of the risk of cyber attack, Kevin Mandia, CEO of cybersecurity company FireEye, tells "Axios on HBO."

What they're saying: "The next conflict where the gloves come off in cyber, the American citizen will be dragged into it, whether they want to be or not. Period."

Cedric Richmond: We won't wait on GOP for "insufficient" stimulus

Top Biden adviser Cedric Richmond told "Axios on HBO" the White House believes it has bipartisan support for a stimulus bill outside the Beltway.

  • "If our choice is to wait and go bipartisan with an insufficient package, we are not going to do that."

The big picture: The bill will likely undergo an overhaul in the Senate after House Democrats narrowly passed a stimulus bill this weekend, reports Axios' Kadia Goba.