Former trade negotiator Harry Broadman warns at Bloomberg the trade war is far from over despite positive sounds on the phase 1 agreement. US President Donald Trump seems more engaged in winning the 2020 presidential elections than ending the trade war. And he introduces agricultural deals for the US that
Trade negotiations between the US and China have moved away from substantial issues, as the Trump administration is using the ongoing trade war as a tool to win the presidential elections in the US 2020, says Harry Broadman, former top trade and economic adviser to Presidents George H.W. Bush and Bill Clinton to CNBC.
The US administration is trying to decouple its economy from China’s. And while there might be some arguments in favor of that position, the treat of decoupling for the world economy is huge, says international trade expert Harry Broadman in Forbes (here in pdf-format). Down the line, the US and global economies will be worse off, he warns.
China’s Belt&Road Initiative (BRI) has been praised and criticized extensively, as the massive investment program moves on. The main problem of BRI is that it fell short of the Chinese characteristics that other foreign investment initiatives characterized, says investment analyst Harry Broadman in a column in the Financial Times.
The EU competition commissioner Margrethe Vestager banned the merger of European rail giants. They presented the merger as the way to stop competition from China. China expert Harry Broadman commends Vestager for her much debated ban as, Broadman argues, size is not the way to fight Chinese companies. Innovation is, he writes in Gulf News.