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The Trump-Xi summit arrives at a moment when the logic of the Thucydides Trap — the historical tendency for rising and ruling powers to clash — has never felt more urgent or more contested. Taiwan, Strait of Hormuz, the Trade War, the Tech war ... What was agreed in the summit room, dining room and during walks, what was left deliberately vague, and what was never discussed at all will define the contours of great-power competition for years to come.

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