Chad Bown talked about trade relations with China at a Peterson Institute event launching the "How To Win a Trade War" book. Bown believes that China has a different economic system and a different way of interacting with the international trading system than the rest of the world. China's policies and outcomes made it clear that it didn't believe in interdependence the same way as other members of the WTO and other economies. U.S. foreign policy was distracted by the 9/11 response for many years. Pressuring China on anything was not high on the agenda, and getting China's support (or non-objection) for War on Terror things was more of the focus
Europe's China policy is stuck in a strategic dead end. The EU lacks a sustained strategic engagement with China at the highest political level. Europe's approach to Beijing is defined by ad hoc reactions. Europe and China have forgotten how to speak to one another. China is offering Europe an opportunity for its relationship with the United States.
US-China trade deals are contingent on stability at the middle, strategic layer. The dynamics may be epitomised by two companies: Nvidia and ASML. Last year, the US goods trade deficit hit a record of US$1.24 trillion, while China reported a record trade surplus of $1.2 trillion. The US has shifted import sources while China diversified its export markets. Most of Nvidia’s chips are made by TSMC using ASML machines.
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Zheng Wang is Professor of Diplomacy and International Relations and Director of the Center for Peace and Conflict Studies at Seton Hall University. He is the author of Never Forget National Humiliation: Historical Memory in Chinese Politics and Foreign Relations, published by Penguin Books.
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UkraineAlert is a comprehensive online publication that provides regular news and analysis on developments in Ukraine’s politics, economy, civil society, and culture. MENASource offers the latest news from across the Middle East. Inflection Points is a weekly column by Atlantic Council President and CEO Frederick Kempe.
UkraineAlert is a comprehensive online publication that provides regular news and analysis on developments in Ukraine’s politics, economy, civil society, and culture. MENASource offers the latest news from across the Middle East. Inflection Points is a weekly column by Atlantic Council President and CEO Frederick Kempe.
Vladimir Putin visited Beijing on Tuesday for a photo exhibition on China and Russia’s “everlasting friendship” and released a joint statement in which they pledged to “deepen cooperation” on everything from nuclear energy to the preservation of leopards, pandas and monkeys. It was Putin's 25th official visit to China, underscoring the close partnership the two countries have forged. If confirmed, Xi's visit to North Korea would be only his second as China's leader and his first in seven years. North Korea is the only country with which China has a mutual defense pact.
A high-level American defence industry delegation arrived in Taipei on Tuesday for a four-day visit aimed at expanding the US role in the island's military modernisation process and the joint production of weapons systems. The delegation is led by retired general Charles Flynn, a former commander of US Army Pacific, and includes 41 senior executives. The trip underscores a growing overlap between strategic cooperation and arms sales as Taiwan seeks to strengthen deterrence under military pressure from Beijing.