Trump heads to China with the upper hand — and Xi knows it

For decades, China has held a simple advantage in negotiations with the United States by making itself economically indispensable. Beijing did so by leveraging its position in global supply chains critical to U.S. economic security. Washington weakened its negotiating position by pursuing energy policies that left America exposed to China's strategy. President Trump's economic and trade actions have changed that calculation. As Trump prepares to sit across from Xi Jinping in Beijing, the U.S. is positioned to win.