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.
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.
Chinese capital originally destined for the United States switches to the European continent, making transatlantic collaboration more essential.
As relations between the United States and China worsen, the two must focus on creating a stable relationship from which both can benefit.
An expert panel discussion on denuclearization diplomacy, the Trump-Kim summit, and Plan B options to deter North Korean coercive behavior.
Mayor of Hiroshima Kazumi Matsui describes what the people of his and other cities are doing to reduce risks of nuclear war.
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.
As the United States, North Korea, South Korea, and China make moves to tilt the outcome of the Trump-Kim summit in their favor, time is running out to prepare for any real outcomes in Singapore.
Simply having China buy more American goods would make little difference to overall U.S. trade imbalances, but addressing U.S. capital imbalances with the world could be a more effective approach.
This Chinese-language monthly offers objective and original policy analysis on China for American and Chinese researchers and policymakers.
The Carnegie Asia Program in Beijing and Washington provides clear and precise analysis to policy makers on the complex economic, security, and political developments in the Asia-Pacific region.