America Is in a New Cold War and This Time the Communists Might Win
China's explicit desire to dominate the industries of the future is bad news for foreign multinational companies that have staked so much on the allure of the China market. If China's steep rise up the technology ladder continues, American and other foreign multinationals are likely to get turfed out of the market entirely. "China 2025 is all about replacing anything that American companies sell of any value, just taking the Americans out of that," says Stewart Paterson, author of China, Trade and Power, Why the West's Economic Engagement Has Failed.
Donald Trump's tariffs, and China's public desire to dominate key industries, have pushed American multinational and U.S. policymakers to ask: should the U.S. get an economic divorce from Beijing? And if so, what would that look like?
A smarter U.S. strategy than "divorce" is "economic distancing," says John Lee, a Senior Fellow at the Hudson Institute, a Washington think tank. The goal of U.S. industrial policy should be "ensuring that China is not in a position to dominate key technologies and assume the leading role in dominating supply and value chains for these emerging technologies," he says. Rationing access to large and advanced markets is critical. "It becomes much more challenging [for Beijing] if China's access to markets in the U.S. Europe and East Asia is restricted, and it is denied key inputs from those areas."
That presumes coordination with allies, which has not been a Trump administration strong suit. But that would change under a President Joe Biden. Even before the pandemic, key European and Asian allies were souring on their relations with China. That includes Canada as well. A former senior Canadian official said Ottawa wanted to work with Trump and the Europeans to map out a tougher, united front on trade. The only problem? "You were sanctioning our steel exports on 'national security grounds,'" this official says. "We are a NATO ally, for godssake!"
The opportunity to work more closely to form a united front versus Beijing is something Biden advisers are intent on doing. A reconfigured Trans Pacific Partnership, which Barack Obama pushed, is likely the first order of business in a Biden administration—this time more explicitly targeted at excluding Beijing from free trade deals among U.S. allies.
That is, if there is a Biden administration.
https://www.newsweek.com/2020/06/05/...n-1504447.html
Re: USA elections 2020
Originally Posted by RedGuard
them. Not to mention helping them would damage the USA's relationship with China for no reason when we are the benefactors of China's continued success. SO thus the political and economic factors are completely contradictory and made that way on purpose. Also many of the so called protestors aren't even chinese at this point. Nothing kills a protest movement faster than success.
