Reality of the US & China “frenemy-type” relationship:
“The US & China are much more constructive than we’ve been in the past.”
“China’s going to head their direction. The US is going to head our direction. But we need each other.”
“We need them for rare earths. They need our economy & consumers to sell the things that they manufacture. So we’ll figure out ways to work well together.”
Jenny Johnson, CEO of Franklin Templeton