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NOTHING IS PERMANENT EXCEPT CHANGE

The Sino-Indian summit last week could be a new departure for neighbors who realize there is no alternative to constructive political, economic and security engagement. China and India are part of a Eurasian institution that can make that possible. Those two countries could soon become the key drivers of global demand and output.

Trump demanded that all U.S. trading partners lower barriers, or be faced with reciprocal trade penalties. “Trade must be fair and no longer a one way street!” the president exclaimed.