Dimitri Sevastopoulos
👤 SpeakerAppearances Over Time
Podcast Appearances
They could. And I think actually what's been happening in China in recent years is that China has over time has been trying to reduce its reliance on American services, financial services, consulting services and things like that. So that trend is already there.
They could. And I think actually what's been happening in China in recent years is that China has over time has been trying to reduce its reliance on American services, financial services, consulting services and things like that. So that trend is already there.
They could. And I think actually what's been happening in China in recent years is that China has over time has been trying to reduce its reliance on American services, financial services, consulting services and things like that. So that trend is already there.
You know, Xi Jinping, as tough a stance as he intends to take on the Trump administration, he still wants to woo foreign companies to China because having foreign companies in China, whether they're American or Japanese or Chinese, or other countries, it sends a signal of confidence in the Chinese economy that this is a good place to do business.
You know, Xi Jinping, as tough a stance as he intends to take on the Trump administration, he still wants to woo foreign companies to China because having foreign companies in China, whether they're American or Japanese or Chinese, or other countries, it sends a signal of confidence in the Chinese economy that this is a good place to do business.
You know, Xi Jinping, as tough a stance as he intends to take on the Trump administration, he still wants to woo foreign companies to China because having foreign companies in China, whether they're American or Japanese or Chinese, or other countries, it sends a signal of confidence in the Chinese economy that this is a good place to do business.
And so the Chinese are having to weigh that up as well. But in all of these cases, there's going to be a balancing act. They're going to take measures which, like I said, will to a certain extent hurt themselves. But they believe in the long run is the best approach to push back against Donald Trump.
And so the Chinese are having to weigh that up as well. But in all of these cases, there's going to be a balancing act. They're going to take measures which, like I said, will to a certain extent hurt themselves. But they believe in the long run is the best approach to push back against Donald Trump.
And so the Chinese are having to weigh that up as well. But in all of these cases, there's going to be a balancing act. They're going to take measures which, like I said, will to a certain extent hurt themselves. But they believe in the long run is the best approach to push back against Donald Trump.
Right now, I think there's no light at the end of the tunnel. It's very difficult to tell how long the tunnel is. At the moment, you have a U.S. president who's basically saying, you know, Xi Jinping picks up the phone and calls me. I'm happy to talk. The White House has made clear that essentially Trump wants to talk to Xi Jinping. He wants to start a negotiation from the top.
Right now, I think there's no light at the end of the tunnel. It's very difficult to tell how long the tunnel is. At the moment, you have a U.S. president who's basically saying, you know, Xi Jinping picks up the phone and calls me. I'm happy to talk. The White House has made clear that essentially Trump wants to talk to Xi Jinping. He wants to start a negotiation from the top.
Right now, I think there's no light at the end of the tunnel. It's very difficult to tell how long the tunnel is. At the moment, you have a U.S. president who's basically saying, you know, Xi Jinping picks up the phone and calls me. I'm happy to talk. The White House has made clear that essentially Trump wants to talk to Xi Jinping. He wants to start a negotiation from the top.
The Chinese system generally works the other way. You know, any components of some kind of a deal are worked out by officials in the system, and then it percolates up and eventually gets to Xi Jinping, who decides if that's what he wants to do. But the Chinese are not going to agree to some kind of a summit between Donald Trump and Xi Jinping when... Nothing is decided. It's very volatile.
The Chinese system generally works the other way. You know, any components of some kind of a deal are worked out by officials in the system, and then it percolates up and eventually gets to Xi Jinping, who decides if that's what he wants to do. But the Chinese are not going to agree to some kind of a summit between Donald Trump and Xi Jinping when... Nothing is decided. It's very volatile.
The Chinese system generally works the other way. You know, any components of some kind of a deal are worked out by officials in the system, and then it percolates up and eventually gets to Xi Jinping, who decides if that's what he wants to do. But the Chinese are not going to agree to some kind of a summit between Donald Trump and Xi Jinping when... Nothing is decided. It's very volatile.
They saw how President Zelensky of Ukraine, they saw the fiasco in the White House when he visited a month or two ago. And they're not willing to take a risk that Xi Jinping is subject to the same treatment. So I think the Chinese are basically dug in. There are no serious talks between the US and China on solving this trade issue right now.
They saw how President Zelensky of Ukraine, they saw the fiasco in the White House when he visited a month or two ago. And they're not willing to take a risk that Xi Jinping is subject to the same treatment. So I think the Chinese are basically dug in. There are no serious talks between the US and China on solving this trade issue right now.
They saw how President Zelensky of Ukraine, they saw the fiasco in the White House when he visited a month or two ago. And they're not willing to take a risk that Xi Jinping is subject to the same treatment. So I think the Chinese are basically dug in. There are no serious talks between the US and China on solving this trade issue right now.
And there are no talks about a phone call between the presidents and no talks about a summit. There have been lots of stuff in the media about possible summits in April or the summer. In my opinion, they are all a word that I'm not allowed to say on air. They're not going to happen unless something dramatic changes. So I think right now we're stuck between a rock and a hard place.
And there are no talks about a phone call between the presidents and no talks about a summit. There have been lots of stuff in the media about possible summits in April or the summer. In my opinion, they are all a word that I'm not allowed to say on air. They're not going to happen unless something dramatic changes. So I think right now we're stuck between a rock and a hard place.