Tag: WTO

EU proposes fresh alliance with US in face of China challenge

Tina Marie (Ms. Cat)

EU proposes fresh alliance with US in face of China challenge

The paper says: “As open democratic societies and market economies, the EU and the US agree on the strategic challenge presented by China’s growing international assertiveness, even if we do not always agree on the best way to address this.”

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The draft paper’s remark that the EU and the US “do not always agree” on how to deal with China is an acknowledgment of how the European bloc’s official three-pronged strategy of co-operation, competition and rivalry with Beijing is less hawkish than bipartisan policy in Washington.

Why America’s economic war on China is failing

Tina Marie (Ms. Cat)

U.S. President Donald Trump—supported by most of the U.S. establishment—deepened the U.S. government’s assault on the Chinese economy. The “trade war” seemed to play well with Trump’s political base, who somehow hoped that an economic attack on China would miraculously create economic prosperity for them. In 2018, Trump slapped tariffs on more than $200 billion worth of various Chinese goods. Then, Trump’s administration went after Chinese high-tech firms such as Huawei, ZTE, ByteDance (the owners of TikTok), and WeChat.

Why America’s economic war on China is failing

Is China an Economic Threat?

Tina Marie (Ms. Cat)

Is China an Economic Threat?

It seems that more and more Americans, pro-Trump or not, are concluding that trade with China is a threat to the United States. The objections are typically one of three: (1) freer trade with China after it was admitted to the World Trade Organization (WTO) in 2001 has cost U.S. manufacturing jobs; (2) the Chinese have thrived by stealing our intellectual property (IP) and that has made Americans worse off; and (3) the Chinese will use some of their progress in cybertechnology to engage in surveillance of Americans.

Each of these objections contains a kernel of truth. But the objections together are not nearly enough to offset the huge gains that Americans reap from freer trade with China.