A World Dividing: The International Implications of the Sino-American Rift
- The U.S.-China trade war is reshaping global politics, creating new patterns of economic integration and alignment.
- Rather than enhancing manufacturing or investment in the United States, the Trump administration’s actions are expanding China’s economic influence and spurring commercial activity in other countries.
- By announcing a new era of “great power competition,” the United States is committing a mistake. It should instead focus on solving planet wide problems like climate change and sustaining economic and technological progress. All such challenges require some measure of cooperation with China.
Nov 2019- The Trump administration has declared economic war on China. The United States has raised taxes on Chinese imports to levels not seen since the Smoot–Hawley tariffs of the Great Depression. Over the course of this year, Chinese imports of American goods have decreased by 26.4 percent, while China’s exports to the United States are down 10.7 percent. Washington has embargoed exports to China of a constantly expanding list of high-tech manufactures. It seeks to block Chinese telecommunications companies from third-country markets. The United States has mounted a vigorous campaign to persuade other countries to reject Chinese investments in their infrastructure, notably in the case of 5G telecommunications networks.
TO CONTINUE READING DOWNLOAD PDF File:
Amb. Chas W. Freeman, Jr. (USFS, Ret.) is a Senior Fellow at the Watson Institute for International and Public Affairs, Brown University. He chairs Projects International, Inc., is a diplomat, interpreter, recipient of numerous high honors and awards, a popular public speaker, and the author of five books.
Tags: BRICS, Capitalism, China, Competition, Development, Economics, Hegemony, Imperialism, International Relations, Politics, Power, Trade, USA, World
This article originally appeared on Transcend Media Service (TMS) on 6 Jan 2020.
Anticopyright: Editorials and articles originated on TMS may be freely reprinted, disseminated, translated and used as background material, provided an acknowledgement and link to the source, TMS: A World Dividing: The International Implications of the Sino-American Rift, is included. Thank you.
This work is licensed under a CC BY-NC 4.0 License.
Click here to go to the current weekly digest or pick another article:
- ‘A Ghastly Future’? Israeli Apartheid, Biden, Starmer, Assange and Mass Extinction
- Why Neoliberal Leaders Who Failed to Protect Their Countries from COVID-19 Must Be Investigated
- Porn Addiction Coach Reveals the Problem Has ‘Nothing to Do with Sex’ as He Helps Struggling Men Navigate Dependency in Lockdown
- Biden Immediately Rolls Back Trump's Legacy with 17 Executive Orders on Immigration, Climate, COVID
- America’s Biggest Owner of Farmland Is Now Bill Gates
- Trump Pardons Bannon, Grants Clemency to Reactionaries and Criminals