Politics

The U.S. and China are fighting for global power whether or not there's a trade deal

VIDEO5:1805:18
Trade deal or no deal, the U.S. and China are still fighting for global...

China's slowing economy and President Trump facing re-election in 2020 seem to point toward the two largest economies making a modest compromise on trade.

But the trade deal itself is just a part of the larger geopolitical tug of war between the United States and China's Xi Jinping.

China's Belt and Road initiative is one way the country is trying to exert influence around the rest of the world. Larry Diamond, Senior Fellow at the Hoover Institution of Stanford University, says the effort is a "nakedly neo-colonial strategy" and requires a coordinated counter effort from the world's democracies.

Watch the video above to learn more about the bigger picture surrounding the potential trade deal.