Up until recently, the two nations’ economic ties had served as an effective brake on escalating strategic distrust. A China less constrained by and invested in economic ties with the United States could pose a substantially greater challenge to U.S. foreign policy. For all the Trump administration’s frustrations with managing interdependence, the consequences of decoupling could mean even bigger headaches.
An economic slowdown, a tanking stock market, and an infant-vaccine scandal are all feeding domestic discontent, while abroad, in Western capitals and financial centers, there’s a growing wariness of Chinese ambitions. And then there is the escalating trade war with the U.S. China initially refused to believe it would happen, but in the past few weeks it’s become the prism through which Xi’s perceived failings are best projected.
As the first wave of renewed U.S. sanctions against Iran goes into effect Tuesday amid rising street protests over the country’s disastrous economy, analysts are divided about whether popular anger over runaway inflation and unemployment will be directed at the government in Tehran—or at the United States.
US President Donald Trump says Beijing “is talking to” Washington about their trade dispute, claiming his tariffs strategy is working against China and other trade partners. But Chinese analysts are cautious, saying there could be more tit-for-tat trade measures to come before the two sides get back to the negotiating table.
Read Here – South China Morning Post
Also Read: China will struggle to win the trade war with the US
Is US President Donald Trump really going to amp up trade tariffs against China? And with its back against the wall, will Asia’s biggest, most influential economy use a sharp currency devaluation as a form of retaliation? In Southeast Asia, home to some of the world’s most China-dependent economies, astute market watchers say they are as clueless as the man on the street when it comes to these two questions. But one thing is certain, they say: in the financial markets, bearish “animal spirits” have taken hold…
US President Donald Trump’s attempts to flex America’s muscles with the use of tariffs harks back to one of the darkest periods of modern history. During the Great Depression, the governments of Britain and France pursued a similar policy, unwittingly alienating would-be allies and strengthening Nazi Germany.
The “best” outcome of President Donald Trump’s narrow focus on the US trade deficit with China would be improvement in the bilateral balance, matched by an increase of an equal amount in the deficit with some other country (or countries). In fact, significantly reducing the bilateral trade deficit will prove difficult.
Thanks to US President Donald Trump and his “America first” policy, the global economic and trade outlook perhaps has never been so uncertain. Nowhere are these economic and policy shock waves being felt more than in China. And, Beijing is responding the same way it does every time it anticipates trouble – by pumping cash into its system.
Indian Prime Minister Narendra Modi with the President of Uganda, Yoweri K. Museveni, in Kampala, Uganda on July 24, 2018. Photo/PIB
India’s links with Africa are centuries old, bolstered by trade across the Indian Ocean and a million-strong diaspora across Africa. Shared colonial legacy and post-independence development experience has framed India’s relationship with Africa. India’s role as a champion of anti-colonialism and anti-racism after its independence in 1947 drew it closer to the African nations. India emerged as one of the most vocal critics of apartheid in South Africa.
Chinese tourists in South Africa. Pix/LBB
Chinese President Xi Jinping heads to Africa this week as Beijing moves to further cement its role as one of the continent’s closest economic and diplomatic allies. After a brief stop in the Persian Gulf Thursday, Xi’s itinerary — his first overseas trip since beginning his second term as leader — takes him to Senegal, Rwanda, South Africa and Mauritius, spanning almost every corner of Sub-Saharan Africa, where China’s economic clout, and strategic ambitions, are growing by the year.
