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.
Devaluating the Yuan and dumping US treasuries regular pop up as ‘nuclear options’ China has in its trade war with the US. Financial and political analyst Victor Shih explains why that might be a wrong idea. “These options are not credible, because they conflict with other important policy objectives of China,” he writes at the China File.
Negotiators at both China and the White House are figuring out what kind of trade deal might be possible, while the trade war is still moving on. Leading economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, looks into the next moves for both parties for the South China Morning Post.
The world, including China, is still trying to make sense out of the Trump/Xi trade talks. The Trump trade team is fighting the wrong battle, argues former U.S. Assistant Trade Representative Harry Broadman for Gulf News. “The Trump trade team continues to fight the wrong battle with China.”
The trade war between the US and China might only be starting, the fight is going to be one for the long haul, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, according to Dow Jones. “The U.S. and China are in for a long and acrimonious confrontation,” he says.