For Americans who have not shared the benefits of globalization, President Trump’s victory represented a path to renewed prosperity. In Louisiana, China is the leading trade partner, and trade accounts for 1 in 5 jobs.
The looming economic war between the United States and China has more to do with the U.S. technological edge than its trade deficits. The atmospherics of unfairness can be changed, if China takes active actions such as eliminating the requirement to form joint ventures.
As Beijing begins to recognize the potential dangers to China from U.S. President Trump’s policies on trade and security, President Xi has turned on the charm offensive towards its Asian neighbors.
Since its announcement in 2013, the Belt and Road Initiative has grown from an idea centered on connectivity and infrastructure development into a global strategy bolstering China’s influence and economic diplomacy.
To compete in geopolitics—as in sports, business, and life—one needs to actually compete. Washington has to outperform the Chinese competition, not just belittle it.
With both the United States and the European Union engaged in complex dealings with Beijing, there is little doubt that China will be on everybody’s mind during President Macron’s visit to Washington.
An India that is less inhibited about trade liberalization and more open to commercial, technological, and civil society partnerships will find Nordic countries ready to accelerate its internal modernization and international rise.
Amid the escalating Sino-U.S. trade friction, Xi’s speech can be seen as creating a mediating space for potential negotiation between Beijing and Washington in order to prevent the global economy from suffering another big blow.
Although Morocco is aiming to diversify its trade relations into West Africa, political and social opposition within ECOWAS raises questions about its real intentions.
The Trump Administration’s protectionist measures against China are guided by politics rather than economics. Instead of tariffs, the United States should address its concerns by upgrading the WTO system and moving forward with the Bilateral Investment Treaty with China.