Today’s U.S. trade deficits are driven mainly by capital flow imbalances. Tariffs are less efficient and only work by distorting the real economy and rearranging bilateral imbalances.
The China-Russian military cooperation with its underlying strategic calculus is clearly aimed at countering US moves and capabilities in the region.
China has long snubbed invitations to join U.S.-Russian nuclear arms control talks. Carnegie’s George Perkovich and a top Chinese nuclear expert discuss why the United States might regret it if China said yes.
Different governments have different objectives on encryption. Most would list counterterrorism and law enforcement, but others have concerns about foreign intelligence and the relationships foreign companies have with their own governments.
What are the potential benefits for the United States of hypersonic missiles? Specifically, will they help offset equivalent Chinese and Russian capabilities? And what are the risks of their acquisition and potential employment, including of escalation to a nuclear war?
Holding elections and referendums has become more frequent in both democracies and dictatorships. But another form of political expression is becoming much more frequent than elections: street protests.
What are the challenges facing democracy globally and how can the United States recover its role as a leader in international democracy support?
While foreign investment usually benefits developing economies and creates local economic benefits in advanced economies, it generally does not benefit advanced economies on the whole except in very limited cases. On the contrary, foreign investment in advanced economies is more likely to lead to higher unemployment or rising debt.
China and Russia have learned lessons from history: great powers lead or abstain, they don’t jump on the bandwagons of others, and in bilateral relations, great powers seek to maintain equilibrium-they may come close to each other if interests or circumstances demand, but not so close as to become followers.
The new round of tariffs has put U.S.-China trade negotiations on hold. Just a month ago, a deal to end the trade war was deemed likely. So why did this process unravel so quickly and what is the way going forward?