Tag Archives: Sino-American trade war

Devaluation would be the most disruptive.FortuneChina Is Running Out of U.S. Goods to Tariff, But It Has Other Trade War Weapons to Unleash Eamon Barrett

More on China.I concur with most of the post. However, I disagreed previously with the view that the US has no China strategy and that the Trump administration is shooting from the hip. Instead, US policy is to aim between the eyes with a sniper rifle to disable the rise of China in this century. I continue to hold this view. It is part of the larger view based on the Wolfowitz Doctrine of not permitting a competitor to permanent US global hegemony, which involves neoliberal globalization...

Again, President Trump has escalated the trade war against China (Trump threatens more tariffs and China promises retaliation as trade war intensifies). Again, he is falsely claiming that China is paying for his tariffs (Trump Says China Pays for His Tariffs, He’s wrong)! Again, let me chip in my two cents:  Who are paying for the tariffs? The importers and consumers in America, not the folks in China! Are the manufacturers in China hurt? Yes, but only slightly, as their orders keep...

The recent breakdown in trade talks between the United States and China may in part reflect the two countries’ different approaches to negotiation. Hopefully, this contrast in styles will not cause the talks to fail unnecessarily, given the importance to the global economy of a US-China agreement.... Project SyndicateWhy the US and China See Negotiations Differently Shang-Jin Wei | Professor of Finance and Economics at Columbia University and a visiting professor at the Australian National...

Recent remarks by a senior Trump administration official suggest that the United States' current approach to China is dangerously misconceived. The rise of China under a one-party dictatorship should be met with a united front in defense of the liberal order, not talk of a clash of Caucasian and non-Caucasian civilizations.… Of course this is a civilizational conflict. Western imperialism and colonialism were racist at the core — "white-man's burden" and all that— and neoliberalism,...

Anyone who has followed the nuts and bolts of the Chinese miracle launched by Little Helmsman Deng Xiaoping in 1978 knows that Beijing is essentially exporting the mechanism that led China’s own 800 million citizens to, in a flash, become members of a global middle class. As much as the Trump administration may bet on “maximum pressure” to restrict or even block Chinese access to whole sectors of the US market, what really matters is BRI’s advance will be able to generate multiple, extra...

“I don’t think people really understand what is at stake,” says Alex Camera, CEO of Audio Control, a privately held, small business manufacturing audio sound equipment near Seattle, Washington. He imports electronic components from China and makes things like power amplifiers for cars. They design it and put it together in Washington. “Trump says China is paying these tariffs, but they are not. I am. U.S. companies are paying it at the port.” Tariffs are port taxes due at the time of...

The message to the CCP: Abandon control of the commanding heights. Will China buy it? If it does, it's the beginning of the end for China socialist experiment, as Michael Hudson warned on his recent visit there. Hudson was particularly strong on not opening up financially, which it seems, on the surface at least, that China has already committed to do.If it does, China goes full-on capitalist. This hardly means that China becomes a permanent US vassal, however. The driving force is...

As the US is trying to do with China now, Britain tried to constrain the rise of its former colony become competitor. That didn't turn out so well. The US should take note. China is now pursuing a similar catch up and surpass policy that the US used against Great Britain, namely, "the American system of Hamilton and Clay," or "the national system "of Friedrich List. "Follow the leader," aka "leapfrogging."Project SyndicateAmerica Must Face Reality on China P.H. Yu | Chairman of the...

Deal-breaker for the US. The "trade war" is about submission to the US. That is a non-starter for the Chinese. It's uni-versus multi-lateralism.ReutersChina says willing to meet U.S. over trade issues on equal footing