Europe has concerns about China’s trade policies. But the two countries may want to unite for a more rules based global trade system.
Some White House advisors see trade deficits as a threat to growth and security. But no one wins in a trade war, certainly not U.S. and Chinese consumers who will have to pay higher prices.
India is the world’s largest democracy, with more than one billion people and an economy expanding faster than China’s.
Most of the discussions among economists about the impacts of tariffs and trade intervention are more ideological than logical. While tariffs may cause households to pay more for tradable goods, there are many other ways households, and the overall economy, are affected, positively and negatively. What matters are the conditions under which trade intervention policies are made.
China’s “Made in China 2025” policy plays a central role in the ongoing U.S.-China trade tensions. Paul Haenle sat down with Paul Triolo to discuss how the initiative impacts the U.S. and global economies.
The U.S. strategy in the Indo-Pacific is still evolving. By engaging now, European countries would have the opportunity to shape it.
The prospect of growing U.S. isolation did not discourage President Trump from pushing his unilateral trade agenda at the G7 summit. This divisive approach is severing the unity that for decades tied together the multilateral economic system.
Trump’s recent trade tariffs severely undermine the transatlantic relationships with U.S. allies in Europe, creating new space for Beijing and Moscow to exert influence.
As President Trump continues to disregard European concerns, Germany feels the need to cultivate better relations with China, with an understanding of the pitfalls and limitations of working with Beijing.
Although the United States and the EU do not always speak with one voice, they should coordinate and present a united front as Chinese capital continues to flow towards the European continent.