Lithuania has become the “Taiwan of Europe”. Since WWII, Americans never again struggled with the concept that a problem abroad is a problem at home. This is how we Americans can vote to interfere around the world that we know… Read More ›
Trade War
Biden wants the G-7 to unite against China. Beijing’s trade wars are helping
China’s aggressive economic diplomacy is pushing America’s allies bruised by Trump’s go-it-alone foreign policy back into the U.S. orbit. China will dominate discussion during President Joe Biden’s first foreign trip, as the G-7 summit kicks off Friday. And that’s exactly… Read More ›
Cadence Column: Asia, January 6, 2020
The West has been at odds with the Far East for centuries. It began before the Opium Wars, laws and treaties were made and broken, but the issues remain the same old same old. Chinese stare down their noses at… Read More ›
Cadence Column: Asia, December 23, 2019
China’s in over its head. They got somewhat of a trade deal, though they never had much to bargain with because their economy is much more dependent on imports than the US economy. So, their trade deal can’t have gone… Read More ›
Cadence Column: Asia, December 16, 2019
China is desperately grasping for straws. While German parliament is planning to ban Huawei against the will of their head of state, Chancellor Merkel, a Chinese ambassador sends a message that “there will be consequences”—when diplomatic channels go to the… Read More ›
Be sceptical of Trump’s new trade deal with China
As with so many assertions from President Trump, skepticism is in order about his announcement Friday of a “phase one” trade deal with China. Start with the seemingly straightforward issue of exactly what Mr. Trump got in return for reducing… Read More ›
Is it possible Trump is on the right track with China?
“Trump’s trade war is losing, not gaining, support,” Paul Krugman wrote this week in his column “Why Is Trump a Tariff Man?” So why does the president avoid making the deals that might end this perpetual state of economic uncertainty?… Read More ›
Cadence Column: Asia, December 2, 2019
Opinions on Asia aren’t just flying, but swarming the Pacific. Hong Kongers vote against China in an unmistakable slap to Beijing’s face, then Beijing blames the US—because Beijing still thinks that voters only vote how the government tells them to…. Read More ›
Engage China, or confront it? What’s the right approach now?
Stephen K. Bannon, the former White House adviser, calls the United States’ relationship with China’s Communist Party an economic and information “war,” while Eric Schmidt, a Google founder, says American interests are entangled with China, our biggest competitor in the… Read More ›
Former Chinese finance minister warns China and US are on brink of ‘financial war’
The growing rivalry between China and the United States is at risk of becoming a “financial war”, a former Chinese finance minister said on Saturday. Speaking at an industry forum in Beijing, Lou Jiwei, chairman of the foreign affairs committee… Read More ›
Trump says U.S. hasn’t yet agreed to roll back tariffs, despite China’s insistence that he has
President Donald Trump dealt a blow Friday to investors who were hoping the United States and China were inching closer toward a partial trade deal that would roll back billions in tariffs. Speaking to reporters, Trump said the US has… Read More ›
Cadence Column: Asia, November 4, 2019
The crud is hitting the fan on China and the fake trade war. The US and China were ready to sign, until they weren’t. They were going to sign at APEC in Chile, but Chilean society’s peace seems to be… Read More ›
China casts doubt on reaching long-term trade deal with U.S. under Trump
Chinese officials are casting doubts about reaching a comprehensive long-term trade deal with the U.S. even as the two sides get close to signing a “phase one” agreement. In private conversations with visitors to Beijing and other interlocutors in recent… Read More ›
China’s factory activity shrinks for 6th month as trade war clouds outlook
Factory activity in China shrank for the sixth straight month in October and by more than expected, while service sector growth eased as firms grapple with the weakest economic growth in nearly 30 years. The world’s second-largest economy is facing… Read More ›
Cadence Column: Asia, September 23, 2019
China is dipping into its pork reserves while America is largely unaffected by the surge in oil prices. The pork crisis in China started with an outbreak of the African Swine Flu and has been exacerbated by the trade war…. Read More ›
China has already lost the trade war
China already lost in the trade war with the U.S. Although you will never hear Chinese authorities, especially President Xi Jinping, admit it as such, the evidence is everywhere and only becoming more compelling by the day. Reuters recently reported that based on the Chinese… Read More ›
China’s economy is getting worse. That makes a trade deal more likely
China’s economic slowdown keeps getting worse. That could give the country incentive to repair its trading relationship with the United States and take more steps to stimulate its economy. The country released data Monday that showed industrial production — an… Read More ›
China excludes soybeans and pork from additional tariffs in a huge win for US in trade war
China just announced that it would not be adding additional tariffs to US agricultural goods such as soybeans and pork, marking a huge win for American farmers. The superpower said via the state-owned Xinhua news agency that it would be… Read More ›
The Trump administration has reportedly discussed a China trade deal that would lift some tariffs
The Trump administration has reportedly discussed a plan to offer China a deal that would include a rollback of some tariffs, potentially defusing tensions in a more than yearlong trade war that has rattled the world’s largest economies. Bloomberg reported… Read More ›
Beijing’s hostility started the trade war
I first traveled to mainland China as a high school student in 2008. Like many observers at the time, I was enthralled by the apparent success of China’s development model, manifested in the urban landscapes of Beijing and Shanghai. I… Read More ›
China’s car market is heading from recession to depression
The Chinese auto market is crashing. Data from the Chinese Association of Auto Manufacturers show the passenger car market there contracted 6.9% in August and has fallen 11.0% for the year-to-date period. August 2019 marked the 14th consecutive decline for… Read More ›
US companies leave China at a faster pace because of trade war
The American Chamber of Commerce in Shanghai said Wednesday U.S. companies are steering business away from China at an increasing rate amid the escalating trade war between Washington and Beijing. More than a quarter (26.5 percent) of the 333 respondents… Read More ›
China has piled up nearly 100 tons of gold reserves to help buffer against the blows of Trump’s trade war
Gold has risen 18% since the start of the year, in part because China has been adding vast amounts of the metal to its reserves. Bloomberg, citing the People’s Bank of China, reported that the Asian superpower added over 94… Read More ›
Chinese exports to the US tanked by 16% in August as Trump’s trade-war tariffs hit demand
China’s exports to America tanked 16% to $44.4 billion in August — a sharp acceleration from their 6.5% drop in July, Reuters said — as Donald Trump’s tariffs sapped demand for Chinese goods in their biggest foreign market. However, Chinese… Read More ›
A big mistake China’s political elite makes in fighting the trade war with U.S.
In fighting the US-China trade war, China’s political elite makes a big mistake: it assumes that China has achieved “power parity” with the US. That’s according to a recent article published in the September issue of Current History. It argues… Read More ›
Trade war causing companies to flee China
The more than yearlong trade war between the United States and China is shaking up supply chains all over the world. An analysis by the Tokyo-based investment bank Nomura looked at a sample of more than 50 manufacturers that have… Read More ›
Obama’s ‘first film’ is too late to soften US-China antagonism
This film documents what happened to an Ohio General Motors plant that closed after the 2008 financial crisis and was later bought by a Chinese company. Its name is ‘American Factory’. CBS News reported that it is the “first documentary… Read More ›
China’s manufacturing slumps for fourth consecutive month as trade war hits hard
As the trade war with the United States continues to gather pace, manufacturers in China remain gloomy about their prospects, with the sector activity contracting for the fourth successive month in August. The manufacturing purchasing managers’ index (PMI), released by… Read More ›
China’s ambitious greenhouse gas emissions at risk amid trade war with U.S.
China‘s greenhouse gas emission targets are at risk as a result of the trade war with the United States, which has put Beijing’s coal-reliant economy under heavy pressure, a senior climate official said on Friday. “External elements, such as the… Read More ›
Huawei’s new phone could be the first major hardware casualty of the US-China trade war
On a normal year, millions of Huawei fans anticipate the announcement of the company’s new smartphones. But 2019 is not a normal year. In May 2019, Huawei was placed on a US trade blacklist, preventing US companies from doing business… Read More ›
Trump says China has blinked in trade war – talks on again
President Donald Trump said Monday that China called to say it wants to go back to the bargaining table and restart trade talks with the United States. Trump says Chinese officials called Washington to urge a return to negotiations after… Read More ›
Everything that happened over the weekend with the US-China trade war
On Friday, before the U.S. stock markets opened, China’s Ministry of Finance announced on its website that it will apply new tariffs of between 5% and 10% on $75 billion worth of imported goods from the United States. U.S. President… Read More ›
Manufacturing is moving out of China to avoid tariffs
Home Depot’s suppliers are trying to head off some of the increased costs from rising tariffs by moving at least some of their production out of China, executives told investors Tuesday. “I’m not aware of a single supplier who was… Read More ›
Cadence Column: Asia, August 19, 2019
Conflicts with China are helping Taiwan. The trade war is driving manufacturing away from China toward Taiwan, Vietnam, and Burma, among others. China’s travel ban on Taiwan for openly supporting the Hong Kong protests is pushing the Taiwanese to implement… Read More ›
US-China ‘trade’ war, if not ended soon, may spill over to ‘finance’
“On the international monetary front, the key problem was the acute dollar shortage in post-war Europe … In the effort to reconstruct a viable Western Europe, the United States conceded degrees of protection and discrimination in trade that were incompatible… Read More ›
Businesses struggle as cracks appear in China’s economy
Cracks are opening in China’s mighty economy: investors are backing away from deals, factories are moving abroad and companies are shedding jobs. The world’s second-largest economy is losing steam, hitting its slowest growth in almost three decades last year, and… Read More ›
Sino-American trade war – the dust has not yet settled
The headlines are full of news of a trade war between the United States and China. Every day you read or watch some news in order to fill the blanks in or to have some knowledge about current affairs. And… Read More ›
China is losing the trade war in nearly every way
China is still the world’s No. 2 economy and is still the monster of emerging markets, but regardless of those bonafides, Xi Jinping’s country is losing the trade war in nearly every way imaginable. The arrest of Huawei CFO Meng… Read More ›
‘Invented and Made in America 2028’ vs ‘Made in China 2025’
In response to the ‘Made in China 2025’ strategic plan, an ‘Invented and Made in America 2028’ scheme is jointly proposed by retired Navy Admiral (Commander-in-Chief of the US Pacific Command) Dennis Blair, Director of National Intelligence (Jan 2009 –… Read More ›
Looking at the US-China Trade War from a Micro-Perspective: The Aluminum Imports
On July 6, U.S. initiated $34 billion worth of tariffs on imports from China, officially marking the largest trade war since the Great Depression. Among the imported goods levied, including auto parts, jet engine parts and other machinery, aluminum and… Read More ›
Trump will win the US-China trade war easily
Beijing will accept a new US-China trade deal which is dictated by Trump. The American oilseeds for producing cooking oil, navigational instruments for building cargo vessels (dry bulk or container ships), intermediate producer goods for manufacturing … (see the picture… Read More ›
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