Iran, China and Trump
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Ray Dalio, founder of Bridgewater Associates, said during an interview with Bloomberg that he has heard from people in Asian countries that they no longer feel they can depend on the U.S. for protection and will have no choice but to accept China as the center of world order.
President Donald Trump's trade war with Beijing has sent U.S.-China trade into a freefall and forced companies on both sides of the Pacific to regroup.
As President Trump prepares to meet with Xi Jinping, a trade war that once threatened to freeze commerce between the two countries has given way to an uneasy truce.
As Trump pursued an unpopular war, Beijing positioned itself as a peacemaker, with little incentive to pressure Iran or annoy the U.S.
Trump invites the Chinese leader to visit the White House in September.
1don MSN
Breaking down Trump's China trip
The Capture of the World's Greatest Company," joins "CBS Saturday Morning" to break down President Trump's summit with Xi Jinping.
A confidential assessment, circulating as President Donald Trump begins his highly anticipated trip to Beijing, shows shifts in several key areas of competition.