President Trump has gone from America First to Iran First.
He stopped the war early, got cornered when Iran closed the Strait of Hormuz, and cut a deal: a $300 billion bribe, unfrozen assets, and their oil profits back. Then he handed negotiations to a naive Vice President and guys who'd be better off buying you an office building in Alexandria.
I had a wonderful time discussing the political costs of doing business in China w/t @rachel_cheung1@thewirechina. One of the topics I covered was how Chinese government officials run "selectoral campaigns" and why firms are reluctant to act as "campaign donors." I also explained why China's newest law aimed at promoting private enterprise falls short in curbing political predation. https://t.co/usgRhqICET