Context
Nixon's visit to China was of particular significance because it marked the beginning of a process of thawing in Sino-American relations — the two countries had been estranged for many years, as the U.S. was ardently anti-Communist and refused to recognize its government (maintaining relations with the anticommunist Republic of China in Taiwan to that point), and China had viewed the United States as its top enemy. Because Nixon had an undisputed reputation of being a staunch anti-Communist, he was largely immune to any criticism of being "soft on Communism" by figures on the right of American politics.
The phrase originated prior to Nixon's actual visit to China. An early use of the phrase is found in a December 1971 U.S. News & World Report interview with then-United States Senate Democratic Leader Mike Mansfield, in a section summary lead that read "'Only a Nixon' Could Go to China". The actual quote from Mansfield (which he prefaces by noting he had heard it said before) was "Only a Republican, perhaps only a Nixon, could have made this break and gotten away with it."
Read more about this topic: Nixon Goes To China
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