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When President Donald Trump returned to the White House in 2025, he faced the same formidable adversary that defined much of his first term: China. This time the stakes were even higher. The trade deficit with China had ballooned to roughly $300 billion, while IP protection, currency manipulation and predatory industrial and international development practices remained significant issues. And Beijing doubled down — weaponizing its control of rare earth minerals, tightening its grip on semiconductors and wielding economic coercion against U.S. allies from Australia to Lithuania.

Against this backdrop, Trump 47 adopted a two-pronged approach. On offense, the administration has kept maximum pressure on Beijing, staying fir

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