Washington and Tokyo should continue to consult with each other to ensure that trade frictions with China do not disrupt their economic relationship.
Despite being bound by a number of linguistic, cultural, economic, and philosophical ties, the relationship between China and Japan has often been defined by mutual suspicion and even conflict, which has left deep and persistent scars that continue to challenge bilateral relations.
Proven to be the best engines for job creation, new and smaller enterprises are India's answer to rising unemployment and a burgeoning youth population.
China’s economy faces uncertainty and choppy waters in the years ahead, a trend that the trade conflict with the United States seems likely to deepen.
For years, China has experienced blistering growth. Driven by an investment-heavy economic model, this growth has limited household income while subsidizing business.
The potential is clear for both India and Indonesia to transform their demographic booms into engines of domestic demand while positioning themselves as alternatives to China for labor-intensive manufacturing.
Tensions between the world’s superpowers are mounting in Washington and Beijing. But between these hubs of high-level politics, a new reality is emerging between China and the state of California, which have built deep and interdependent socioeconomic exchanges that reverberate across the globe.
Isolated progress on certain issues can still be made under Trump. Pompeo’s visit offers a glimpse of hope that the Trump administration is maybe finally beginning to recognize the strategic necessity of having a stronger European Union as a partner.
Taxing capital inflows is a far better way to balance trade than imposing tariffs. This would address the root causes of trade imbalances, improve the productive investment process, and shift most of the adjustment costs onto banks and speculators.
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.