True, Treasury Secretary Steve Mnuchin effectively declared an end to the 24-year-old strong dollar policy in January 2018. The White House quickly backtracked as markets quaked. In 2019, expect a new currency push. One motivation: US growth is losing momentum. Trump is anxious to keep the key source of his legitimacy humming along. The bigger objective, though, is […]
The arrest of Huawei Chief Financial Officer Meng Wanzhou was apparently a long time coming. U.S. investigators began looking into Huawei’s dealings when Iran’s once Chinese-backed ZTE was identified as a sanctions-breaker. U.S. prosecutors now appear to have substantial evidence of the Chinese Communist Party’s state-backed mobile and technology company’s violations of the sanctions regime […]
President Donald Trump and Chinese President Xi Jinping agreed to a temporary trade ceasefire to allow time for more negotiations. The move means that U.S. tariffs on $200 billion worth of goods will not rise to 25 percent on Jan. 1, from 10 percent currently. As part of the deal, China agreed to buy “a very […]
After years of economic symbiosis in which the US purchased low-cost Chinese imports and China purchased US Treasuries, China has begun to pursue the prerogatives of a superpower, and the US has responded in kind. As a result, both countries are becoming more alike, particularly in their belief that there can be only one winner. […]
Trump, by standing firm in Argentina this weekend, can accelerate the trend of disengagement of the American and Chinese companies. Yet it is not only the American president who is pushing factories out of China. Xi Jinping is also helping the cause of disengagement by punishing American companies in China, turning Fortune 500 behemoths into […]
Chinese and American officials may have spent weeks preparing for the high-stakes summit between Xi Jinping and Donald Trump this weekend, but any hopes of resolving the current trade war may ultimately hinge on their personal chemistry. Their encounter in Buenos Aires on the sidelines of the G20 summit will be the first face-to-face meeting […]
The news about U.S.-China relations has been decidedly negative lately, particularly since U.S. Vice President Mike Pence’s fiery speech criticising the Chinese government on October 4. But now, amid the trade war and continuing tensions in the South China Sea, there are glimmers of hope for a thaw. Read Here – The Diplomat
Economic power, like any tool, can have unfortunate results if wielded unwisely, producing unwanted short-term consequences and prompting the long-term decline of U.S. economic leadership. Today, Washington is increasingly using its economic power in aggressive and counterproductive ways, undermining its global position and thus its ability to act effectively in the future. Read Here – […]
During the past three decades, there has been a momentous change in the global economy. One of the most troubling and puzzling features — the failure of poor countries to catch up to developed countries — has seemingly been overturned. Read Here – Bloomberg View
As the consensus in D.C. shifts toward taking on an increasingly aggressive China, ideas about how corporations relate to the state will also have to change—or else undermine their new stated national framework. Read Here – Foreign Policy
looking beyond borders 