Viewpoint

04.30.19

Trade: Parade of Broken Promises

Elizabeth Economy from Democracy: A Journal of Ideas
The trade war between the United States and China has not given either side much to cheer about. As of January, Washington has levied 10 percent tariffs on U.S.$250 billion in Chinese goods, and China has reciprocated with similar tariffs on U.S.$...

Conversation

04.30.19

If the U.S. and China Make a Trade Deal, Then What?

Michael Hirson, Graham Webster & more
The U.S.-China trade war has always been about more than just trade. Among other issues, it represents a move towards the decoupling of the two economies. Sometime within the next few weeks, Washington and Beijing may call a truce on the trade war...

Trump Could Slap China with Tariffs as Soon as Friday

Adam Behsudi
Politico
President Donald Trump is expected to impose tariffs on Chinese goods as soon as Friday or next week, according to two sources briefed on internal deliberations, a move that is sure to further inflame tensions and spark almost immediate retaliation...

US-China Trade Battle: Catch Up Here

Alanna Petroff, Rishi Iyengar and...
CNN
The odds of a messy trade war between the United States and China are rising again.

Trump Announces Tariffs on China, Tech Crackdown Ahead of Key Trade Meeting

David J. Lynch
Washington Post
Trump slaps $50B tariffs as Commerce Secretary is due to arrive in Beijing on Saturday for talks.

US Team Divided as Trade Talks with China Begin

Shawn Donnan and Tom Mitchell
Financial Times
China and the US are set to begin a second round of high-level talks aimed at averting a trade war, amid signs of the Trump administration’s internal divide over how to deal with Beijing.

China Gave Trump a List of Crazy Demands, and He Caved to One of Them

Josh Rogin
Washington Post
China’s list of economic and trade demands that suggest its negotiating position.

China Draws Up a Shopping List of American Goods to Avoid Trade War

Lingling Wei and Bob Davis
Wall Street Journal
China likely will offer to import more U.S. goods during negotiations in Washington next week as the two sides see one of the best ways to avert an all-out trade war is for Beijing to buy American.

Conversation

03.02.18

How Will Trump’s Tariffs Affect U.S.-China Relations?

Derek Scissors, Donald Clarke & more
Arguing that America is harmed by other countries’ trade practices, President Donald Trump said on March 1 that the U.S. will impose a new 25 percent tariff on imported steel and 10 percent tariff on imported aluminum. “People have no idea how badly...

China’s Yuan Toppled from Two-Year High as Trade Data Surprises

Bloomberg News
Bloomberg
China’s yuan sank the most since the aftermath of its shock 2015 devaluation, after data showed the country’s trade surplus more than halved last month, and investors speculated controls on outward cash flows will be eased.

China Opens Inquiry into U.S. Sorghum as Trade Tensions Worsen

Sui-Lee Wee
New York Times
China has opened an anti-dumping and anti-subsidy investigation into U.S. sorghum imports, the latest salvo in an escalating trade dispute between the world’s two largest economies.

Xi Jinping Calls on Donald Trump to Revive Economic Dialogue Programme

Wendy Wu
South China Morning Post
The call comes as Washington ramps up talk of taking tough action against Beijing, including punitive tariffs, sanctions and even a trade war.

Conversation

12.19.17

Trump’s National Security Strategy and China

Zha Daojiong, Pamela Kyle Crossley & more
On December 18, U.S. President Donald J. Trump announced the United States’ new national security strategy. He called China a “strategic competitor,” and, along with Russia, called it a “revisionist power.” Those two nations, Trump said, are...

Conversation

11.02.17

Trump Goes to Asia

Ely Ratner, David Dollar & more
Chinese officials like to talk about practicing “win-win” diplomacy. Their American counterparts sometime joke that this means China wins twice. From November 3 to November 14, Donald Trump will visit Japan, South Korea, Vietnam, the Philippines,...

Trump on China: ‘I Want Tariffs. And I Want Someone to Bring Me Some Tariffs’

MarketWatch
President Donald Trump demanded tariffs against China at a recent White House meeting, according to a new report, dismissing concerns from his “globalist” advisers.

Breaking Down the U.S. Trade Deficit with China

Paul Haenle & Yukon Huang from Carnegie-Tsinghua Center for Global Policy
A positive relationship between the United States and China, the world’s two largest economies, is crucial for promoting global growth and development. The bilateral relationship, however, has become increasingly fraught by disagreements over what a...

Steve Bannon Says U.S. In Economic War with China

NBC News
The United States is in an economic war with China, U.S President Donald Trump's chief political strategist has said, warning Washington is losing the fight but is about to hit China hard over unfair trade practices...

U.S.-China Economic Dialogue Ends in a Tiff

Nikkei Asian Review
Negotiators involved in the first U.S.-China Comprehensive Economic Dialogue here on Wednesday failed to produce concrete results. The U.S. later issued a statement saying China acknowledged a shared objective to reduce the U.S.’s bilateral trade...

‘Making China Great Again’: Beijing-Run Media Crows as U.S. Stumbles

Sophia Yan
CNBC
A Communist Party mouthpiece is crowing that malfunctioning U.S. leadership is making China “great again” on the eve of highly anticipated bilateral trade talks between the two countries.

Kenya President Urges Rebalance of China-Africa Trade

David Piling
Financial Times
President Uhuru Kenyatta of Kenya has called on China to rebalance an increasingly skewed trade relationship between Africa and the rising superpower, arguing that Beijing must do more to tackle a widening trade deficit.

What Happened at Mar-a-Lago?

Paul Haenle & Zha Daojiong from Carnegie-Tsinghua Center for Global Policy
One week before their first in-person meeting, President Trump told the world on Twitter that he expected the dialogue with his Chinese counterpart Xi Jinping to be “a very difficult one” unless China was prepared to make major concessions on issues...

China Exports Jump the Most in Two Years as Imports Moderate

Bloomberg
China’s overseas shipments last month jumped the most in two years as global demand held up. Imports moderated after a holiday-season surge in February and the trade balance rose.

Trump Isn’t Wrong on China Currency Manipulation, Just Late

Eduardo Porter
New York Times
While China’s surplus with the United States is pretty big, its global surplus is modest, at 2.4 percent of its gross domestic product last year. Most significant, it has been pushing its currency up, not down.

Trump’s Quick Wins on China Trade Won’t Wipe out the Deficit

Jethro Mullen
CNN
The U.S. and China have given themselves 100 days to make progress on the thorny issue of trade.

Viewpoint

04.05.17

No Winners or Losers, Please

Paul Gewirtz
Who will be the winner of the upcoming Trump-Xi summit? My answer: That’s a dangerous—and wrongheaded—question to focus on. Yes, we want the U.S. to win, but the U.S.-China relationship must be played and judged as a long game.The present situation...

If U.S. Trade with China Is So Unfair, Why Is GM the Best-Selling Car There?

Tim Fernholz
Quartz
Ahead of a high-stakes summit with Chinese leader Xi Jinping, Donald Trump’s White House has made clear that it isn’t happy with China’s high tariffs on imported American automobiles.

Ford to Build New Lincoln SUV in China by 2019

Detroit Free Press
Ford and its joint ventures in 2016 sold a record 1.27 million vehicles in China, though the company’s imported vehicle volume for 2016 was down overall from 2015.

Trump’s Trade ‘Hammer’ Aims to Pound China, Mexico and the WTO

Bloomberg
Lighthizer has urged a harder-nosed approach to China, which accounts for more than half of America’s $500-billion trade deficit, and more trade complaints from the U.S.

China Posts Rare Trade Deficit in February as Imports Gallop

CNBC
China produced a rare trade deficit in in February after imports galloped, official data showed Wednesday.

For China, a Rethink on Donald Trump

Andrew Browne
Wall Street Journal
Beijing initially welcomed a tough negotiator—then came the Mexico episode

Look out China, Mexico, Japan and Germany: How Trade Shapes Trump’s Worldview

Simon Denyer
Washington Post
In a nutshell, John Robb argues that trade—rather than national security—dominates Trump’s foreign policy thinking, inverting decades of U.S. practice.

Obama Got Tough on China. It Cost U.S. Jobs and Raised Prices

Patrick Gillespie
CNN
Protect American jobs by getting tough on China. That's the underlying idea behind President-elect Donald Trump's threat of a 45% tariff against China as a ploy to bring jobs back to America. Before pursuing that strategy, however, Trump...

Caixin Media

09.28.15

Xi and Obama Should Make a BIT Breakthrough

President Xi Jinping has begun his first state visit to the United States to meet U.S. President Barack Obama in what state councilor and former foreign minister Yang Jiechi has called “a pivotal meeting at a critical time.”Xi arrived in the United...

How My Presidency Would Deal With China

Marco Rubio
Wall Street Journal
Approaching Beijing on the basis of strength and example, not weakness and appeasement.

US, European Markets Bounce Back, China Crisis Continues

Dominic Rushe
Guardian
Dow Jones rises more than 300 points in first 2 minutes after opening following 3 days of market losses that erased close to $3 trillion globally.

Why is China’s Stock Market Falling and How Might it Affect the Global Economy?

Katie Allen
Guardian
Concerns about inflation, shares and interest rates raised after ‘Black Monday’ wiped billions off global markets.

Great Fall of China Sinks World Stocks, Dollar

Sinead Carew
Reuters
A near 9-percent dive in China shares and a sharp drop in the dollar and major commodities sent investors rushing for the exit.

Caixin Media

08.24.15

How to Solve China’s Currency Parity Puzzle?

Boosting exports, controlling outbound capital flow and supporting the Chinese currency’s bid for Special Drawing Rights (SDR) status are just some of the reasons cited by analysts for the yuan's unexpected devaluation in mid-August.The yuan...

China’s Henan Province Creating Jobs in US Hinterlands

Associated Press
Henan's Golden Dragon Precise Copper Tube Group opened a plant that will employ more than 300 in a county known less for job opportunities than for lakes filled with bass, pine forests rich with wild turkey and boar...

Investment into China Declined in 2012

Reuters
Reuters
Analysts said cooling growth in China’s foreign direct investment, or F.D.I., did not suggest that investors’ confidence in the country was waning.

US-China Deficit May Be Lower Than Thought

Howard Schneider
Washington Post
If the new data is to be believed, the U.S. trade deficit with China would fall by as much as 25 percent, from $176 billion as of 2009 to $131 billion.

China's Economy to Overtake U.S. Economy in Four Years, Says OECD

Jospehine Moulds
Guardian
A Paris-based think tank said China's economy will be larger than the combined eurozone economies by year's end and will overtake the US by the end of 2016...

A Time-honored Tradition: Election Year and China-bashing

The Washington Post Editorial Board
Washington Post
China's two decade explosive growth overshadows a struggling corruption-plagued communist state...

U.S. Presidential Debate Sees Candidates Flex China Muscle

Liu Jie
Xinhua
Although the yuan rose nearly 30 percent since 2005, U.S. politicians are still taking jabs at China's currency regime. ...

Reports

08.27.12

The China Toll

Robert E. Scott
Economic Policy Institute
Since China entered the World Trade Organization in 2001, the extraordinary growth of trade between China and the United States has had a dramatic effect on U.S. workers and the domestic economy, though in neither case has this effect been...