Will Trump unleash a new trade war that could seriously impede the post-corona recovery?
Will China really halt technology transfers that it has required under many joint venture deals with U.S. companies?
In terms of economic contentedness, the summer of 2019 in the U.S. and globally had an eerie feeling of the summer of 1913.
Trump’s playing into Beijing’s hands on Huawei and North Korean nukes underscores China’s global power status
The U.S. imports 80% of its rare earths from China, but accounts for just 4% of China’s rare earths exports. This gives China a significant advantage.
Imitation is the highest form of flattery. Trump is not so much fighting China on trade as turning the U.S. into China.
A better safety net for Americans is the issue that should be addressed with at least as much vigor as tariffs on Chinese goods.
Despite Trump’s apparent obsession with German cars and the German trade surplus, political support in the U.S. for a trade war against the EU is much weaker than for getting tough on China.
Look for significant noise, but not for a genuine trade war across the Atlantic.