When Empires Bargain: 200 Years of Tariffs, Power & Markets — and What to Expect at the Trump–Xi Summit on May 14
Capital Street FxJust now--
The summit happening on Wednesday is not a standalone event. This piece traces trade confrontations from the British Corn Laws through Smoot-Hawley to the current US-China standoff — and what the historical record suggests about likely outcomes and market reactions.
Why it matters this week: USD pairs, CNH, and risk-sensitive assets are all sensitive to even a communiqué from Beijing. Understanding the pattern of how these summits resolve — or don’t — gives you a framework that the headlines won’t.
