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looking beyond borders

foreign policy and global economy

Archive for the tag “Trade war”

Trump, Xi Declare Truce On New Tariffs As Trade Talks Continue

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 substantial amount of agricultural, energy, industrial, and other product from the United States to reduce the trade imbalance between our two countries,” White House Press Secretary Sarah Huckabee Sanders said in a statement.

Read Here – Politico

Also read: Trump’s Slump: What The US And Chinese Leaders’ Body Language Tells Us About Their G20 talks

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The US And China Are The Closest Of Enemies

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.

Read Here – Project Syndicate

Will Donald Trump And Xi Jinping Rekindle Their ‘Great Chemistry’ At The G20 Summit?

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 between the two leaders in nearly a year – and the first since Trump started the trade war over the summer.

Read Here – South China Morning Post

Is A Thaw Coming In US-China Relations?

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

China’s Third-Quarter Growth Rate Slows More Than Expected As Economy Feels Trade War Impact

China’s economy grew at a slower quarterly pace than expected, expanding 6.5 per cent in the three months ended September, as the country’s trade war with the US exacted a toll on exporters and manufacturers. The quarterly growth pace lagged the 6.6 per cent expected in a Bloomberg poll of economists, and was slower than the 6.7 per cent clip in the second quarter, according to data released by the National Bureau of Statistics in Beijing.

Read Here – South China Morning Post

After The Trade War, US-China Relations Will Not Be The Same Again

“A glass is easily broken, but difficult to repair,” Chinese Foreign Minister Wang Yi said last week in New York, in reference to the current state of China-US relations. But, even if present differences can ultimately be resolved, there’s no going back to how things were. The glass may not yet have shattered, but it is cracked. 

Read Here – South China Morning Post

Donald Trump Issues A Scathing Rejection Of ‘Globalism’

“We reject the ideology of globalism” in favor of the “ideology of patriotism.” So spoke the American president from the pulpit, in the high church of the first ideology, before a congregation nominally convened in a spirit of global cooperation. Ahead of his address at the annual gathering of the United Nations General Assembly, the buzz around the building was not about whether the world would witness a confrontational Donald Trump, but rather about who specifically the president would single out for attack.

Read Here – The Atlantic

Also Read: The World Just Laughed at Donald Trump

China And America May Be Forging A New Economic Order

As the U.S.-China competition expands across multiple domains, there are even worries that trade tensions could, over the long term, make the prospect of a military confrontation between the two more likely. Which raises the urgent question: How does this end?

Read Here – The Atlantic

Trump To Slap Tariffs On $200B More Chinese Goods

President Donald Trump announced that the United States will impose a 10 percent duty on an additional $200 billion of Chinese imports as of next week, quickly escalating a trade war that has hit broad swaths of the global economy.

Read Here – Politico

Also ReadU.S. China Trade War: Analysis of Latest Developments

‘Made in China 2025’: Is Beijing’s Plan For Hi-Tech Dominance As Big A Threat As The West Thinks It Is?

For China, the original idea behind MIC2025 was simply to catch up with other countries, a tall order even by its own admission. Look no further than the new-generation information technology sector, one of the plan’s 10 target industries. After more than two decades and billions of dollars spent, China has yet to commercialise a home-grown operating system for computers, or a microchip, not to mention breaking into the global computing market that Microsoft and Intel dominate.

Read Here – South China Morning Post

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