On Thursday and Friday, Chinese President Xi will be the latest (and most important) in a long line of foreign leaders to travel to the US to meet President Trump. This will be watched closely by markets, after Trump vilified the country in his election campaign for it currency and trade policy, then explicitly suggested he would consider ending the US’ long running “one China” policy, only then to later endorse it. Trump still threatens with a number of protectionist measures which would be detrimental to China – and to the world – ranging from the tax reform, which would include a general import tax, to a specific 45% import tariff on Chinese imports, to other retaliation measures for claimed dumping. However, following the immigration ban confusion and last the Obamacare repeal fiasco, followed by Trump’s attack on the House Freedom Caucus, many analysts, such as Erik Nielson, Unicredit’s chief global economist, think the Chinese will now have serious doubts about his ability to get anything meaningful through Congress. There will be much reading between the lines this week, but this will merely just be the beginning. We would point you to a fascinating piece from the world renowned geopolitical analyst, George Friedman, below that articulates just how shaky the foundations of the US presidency can become when signs of weakness and ineffectiveness begin to emerge. It’s a slippery slope.