Whether they’re new colonisers or a vital source of cash and technology, the jury is out on Beijing’s investment in the region – but one thing is certain, the US will not relinquish its control without a fight. For the United States, China’s widening presence in Latin America has been much more than a minor nuisance in its geopolitical backyard.
In November 1999, the United States and China signed a trade pact that paved the way to China’s entry into the World Trade Organization. To secure U.S. support for its WTO accession, China agreed to open its markets and cut tariffs an average of 23 percent. Some twenty years later today, the United States and China are engaged in a raging trade war.
It seems that the BJP’s formula of focusing on national security and identity politics, along with channeling Modi’s clear charisma and oratory powers, overshadowed any competing vision. And in that sense, perhaps the change isn’t just at the top; Indians themselves may have changed. A new generation of younger Indians yearn for a more positive self-definition and image. In the flashy, pro-Hindu, globetrotting Modi, they see a bit of themselves too.
Theresa May has bowed to intense pressure from her own party and named 7 June as the day she will step aside as Conservative leader, drawing her turbulent three-year premiership to a close. Speaking in Downing Street, May said it had been “the honour of my life” to serve as Britain’s second prime minister. Her voice breaking, she said she would leave “with no ill will, but with enormous and enduring gratitude”.
A successful Indian foreign policy, by definition, is one that creates the external circumstances conducive to realizing India’s fundamental aims, namely, protecting its physical security and its decisional autonomy, enlarging its economic prosperity and its technological capabilities, and realising its status claims on the global stage. Attaining these objectives requires New Delhi to engage at three different levels abroad: within the subcontinent and its immediate periphery, the intermediate level of the international system populated by various middle powers, and the core of the system where the great powers reside.
While it is tempting to frame this trade conflict in the context of America becoming tiresome of the treatment of its businesses, this does not capture the true nature of the dispute or its entrenchment and longevity. This is a “restarting of history”—a return of economic and governance ideologies battling for supremacy.
President Donald Trump took office promising to make great deals with trading partners, foreign rivals and Democrats. After more than two years in office, his tactics have left him at intractable loggerheads with all three.
Chinese President Xi Jinping has called for the nation to embark on a new Long March and “start all over again”, in the most dramatic sign to date that Beijing has given up hope of reaching a trade deal with the United States in the near term. Xi is in Jiangxi province for his first domestic tour since the escalation of the trade war two weeks ago. Jiangxi is where China’s defeated Red Army started its fabled Long March in 1934.
Read Here – South China Morning Post
Also Read: China Raises Threat of Rare-Earths Cutoff To U.S.
After years of low inflation, investors and policymakers have settled into a cyclical mindset that assumes advanced economies are simply suffering from insufficient aggregate demand. But they are ignoring structural factors at their peril.
Some Chinese diplomats have responded to US moves to blacklist Huawei with accusations the decision was “politically motivated”, others have threatened retaliation, and at least one has posted goofy memes on social media in defence of the tech giant.
