Tag: China

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David French of National Review and Greg Corombos of Radio America welcome the news that U.S. sanctions are inflicting a devastating economic toll and putting a lot of political pressure on North Korean Dictator Kim Jong-Un. They also cringe at reports that President Trump promised China two months ago that he would not condemn a […]

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Hong Kong Sings the American Song of Freedom, While China Prepares an Attack

 

China seems poised to engage in a crackdown on Hong Kong, with troops massing on the Hong Kong border and police (controlled and supported by Beijing) violently removing protesters from the Hong Kong airport that they have occupied over the last two days. I have spent a lot of time on radio over the years talking about China; how its government runs and military acts, and the issues of its citizens. And I have repeatedly discussed how we, as Americans, should never think of China on any sort of equivalent footing: Never think of a Communist nation as in any way equal to a free nation.

Radical environmentalists – which include major swaths of the progressive party in the US – often laud China for their Green innovations and clean mass transit. But China is responsible for some of the worst pollution on Earth.

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Alexandra DeSanctis of National Review and Greg Corombos of Radio America discuss the growing discord in Hong Kong, as demonstrators demand their freedom but also fear Chinese intervention. They also discuss CNN host Chris Cuomo’s rant at a heckler for calling him “Fredo.” And Alexandra unloads on Harvard Prof. Laurence Tribe for alleging that white […]

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Milton Ezrati joins Paul Beston to discuss escalating trade tensions between the United States and China. The Trump administration announced new tariffs on $300 billion worth of Chinese goods last week, prompting China to order its state-owned businesses to stop purchasing U.S. agricultural products. Ezrati has written on U.S.–China trade issues for City Journal previously, and he maintains that both sides want […]

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I won’t condense all the great comments and musings on other threads about how Trump will be blamed for the violence, whether he started an endless trade war etc. But both have been cited as “able to loose conservatives the election.” My take: Both issues pre-date Trump but are irresistible for critics to tie to […]

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US vs. China Might Not Be a Forever Trade War, But It Sure Feels Like It Right Now

 

As that great and learned scholar Vizzini once noted, one of two classic blunders is getting involved in a land war in Asia. But trade wars might also qualify. “Donald Trump’s trade battle with China is starting to look like a forever war — a quagmire with no end in sight, no clear path to a resolution and more potential land mines for an already weakening global economy,” Bloomberg’s Shawn Donnan argues.

At the very least, President Trump’s “trade wars are good and easy to win” axiom isn’t playing out. Not only did the president say he’s imposing 10% tariffs on another $300 billion of Chinese goods starting Sept. 1, but Beijing looks like it’s not expecting a resolution any time soon as it lets the renminbi weaken, or “crack seven” in traders parlance. The Financial Times calls the move “a clear sign that Beijing is prepared to use the currency as a weapon and let the trade war drag on.”

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The Chinese government might resent it bitterly, but from an American perspective, there is a real fight for freedom going on in Hong Kong and our values put us on the protesters’ side. More

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Disturbing Report Out of Hong Kong

 

It appears that the Communist regime is cracking down on the Hong Kong protesters with goon squads. Not sure this tactic will endear Hong Kong’s citizens to their Beijing overlords. Ever since the proposed extradition law that would send Hong Kong citizens to mainland China for trial and incarceration that was abandoned by the Hong Kong provisional government because of overwhelming protests in the streets, Beijing has been reportedly concerned of similar protests occurring in other Chinese provinces.

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Jim Geraghty of National Review and Greg Corombos of Radio America praise Hong Kong for ditching the Chinese extradition bill thanks to millions demanding the preservation of their freedom. They discuss Bill Clinton claiming ignorance of Jeffrey Epstein’s alleged sex trafficking and pedophilia. They scrutinize Kris Kobach’s chances to win the Senate seat in Kansas […]

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Is China a ‘Strategic Partner’ or a Cold War 2.0 Foe?

 

President Trump may not be interested in cold war with China, but cold war is interested in him. Well, at least if his fellow Republicans have any say in the matter.

If there’s any clear takeaway from the G20 trade ceasefire, it’s that Trump views the fate of Chinese telecom giant Huawei as something to be negotiated. Just another pressure point. This Bloomberg headline pretty much nails it: “Huawei Lifeline Shows Trump Prefers Business Deals Over Cold War.

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A Democratic Debate That Ignores China and Trade Isn’t Much of a Debate

 

The core of Trumponomics is a protectionist trade policy built on tariffs, both threatened and implemented. All of America’s largest trading partners, including allies, have been in President Trump sights. And as the president gets ready to meet with Chinese leader Xi Jinping, some analysts are wondering whether the entire US-China trading relationship will fall victim to a New Cold War.

But “trade” ⁠—⁠ in its economic context ⁠—⁠ was mentioned only once in last night’s Democratic presidential debate. And “China” was only mentioned a half dozen times, with four of those mentions in a rapid-fire round where candidates were asked to briefly mention the “greatest geopolitical threat” to America. Don’t blame the NBC moderators. Candidates had ample opportunity to explore the US-China trade conflict and more broadly China’s challenge to US superpower supremacy.

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Jim Geraghty of National Review and guest host Gregory Knapp discuss the Mexican government deploying 10,000 troops to the border to crack down on illegal immigration to the U.S. They cover the real concentration camps that the Chinese have constructed. And they discuss Bernie Sanders’ plan to wipe out all student loans. More

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David French of National Review and Greg Corombos of Radio America discuss Hong Kong hitting pause on an extradition agreement with the Chinese government following massive protests. They also examine the Supreme Court’s approach to Christian vendors vs. the LGBT agenda. They consider what comes next after Iran’s decision to exceed the low-grade uranium limit […]

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Jim Geraghty of National Review and Greg Corombos of Radio America discuss what readers can expect in Jim’s new book, Between Two Scorpions. Joe Biden flip-flops on trade and calls President Trump “an existential threat” to the United States. Meanwhile, Democrats in Iowa grow more uncertain as to who they will support from the busload […]

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We recently had a great conversation with trade expert, Clark Packard of R Street Institute. We discuss the lifting of the steel and aluminum tariffs on Mexican and Canadian imports, the prospects for ratifying USMCA, and the tools available to address Chinese trade abuses. Packard lays out his case that the US has more tools […]

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What’s Missing from Trump’s China Policy

 

The Dow plunged 450 points on the opening bell May 6 in response to this presidential tweet: “The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No! The 10% will go up to 25% on Friday.” Economists eye this brinkmanship fearfully. Bank of America/Merrill Lynch’s global research team, among many others, has warned that a trade war could cause a global recession. Desmond Lachman of AEI notes that there are splash back effects of imposing harsh tariffs. They may succeed in weakening China, but “Any marked slowing in the Chinese economy is bound to have spillover effects on those economies with strong trade links to that country.”

Among those countries with “strong trade links” to China would be ours. Lachman is warning that Trump’s policies may be undermining the strong economy, and that this should worry him looking at 2020. But before we get there, spare a moment to savor the irony of what Trump’s policies have so far achieved on one of his favorite 2016 hobbyhorses — the trade deficit. In 2016, the goods and services trade deficit with China stood at $309 billion (which Trump frequently exaggerated to $500 billion). As of March, 2019, the trade deficit with China was $379 billion — a 23 percent increase.

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How Is This Tech Cold War with China Supposed to Work, Exactly?

 

Let’s assume the Trump White House blacklisting of Huawei in effect marks the beginning of a full-fledged Tech Cold War between America and China, complete with a Digital Iron Curtain. The full metaphor. How then does the conflict end in an American victory? And what does that even look like? Have the tech cold warriors, both within the White House and externally, given serious thought to any of this?

We know how the more comprehensive Cold War 1.0 concluded, with the dissolution of the Soviet Empire in 1991. It was a collapse that some predicted was inevitable. But at the time many others thought the scenario so unlikely as to be unworthy of speculation. The whole idea of 1970s detente was based on the perceived durability of the USSR. And this view held nearly to the very end. For example: The 1984 film “2010: The Year We Make Contact” was a sequel to the 1968 Stanley Kubrick-directed film “2001: A Space Odyssey” and concerns a joint US-USSR deep space mission.

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China Has a Master Economic Plan. Is It Better Than America’s?

 

Former Trump White House adviser Steve Bannon told CNBC viewers today that China has “a master plan to become an economic hegemon.” I mean, yeah. Sure. A quarter millennium ago, China was the world’s largest economy and it is no doubt eager to regain that position if possible. And not just in terms of nominal GDP, but also as an economy on the technological frontier. Thus its efforts to leap forward in advanced manufacturing and AI.

The former, GDP, is easier to measure than relative tech prowess. Well, not that easy. My AEI colleague Derek Scissors has argued that “claims that China’s economy is already the world’s largest may be exaggerated by up to 30%.” And a comparison of national wealth shows “the American lead expanding.” But clearly the Chinese economy is pretty big and getting bigger and is technologically sophisticated in a way that the Soviet Union never was.

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Welcome to the Harvard Lunch Club Political Podcast for May 15, 2019 it is the FREE LUNCH (Yesss!) edition of the show, number 224 (omgggg) with you charmingly lunchable hosts radio guy Todd Feinburg and AI guy Mike Stopa. This week, we begin with an assessment of the Dems race to the bottom. Who can […]

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was the title of a campy sci-fi/horror film of the the 1960s. Of course, Mars is a frozen, airless rock spinning in infinity and needs nothing. China, on the other hand is a nation on Earth. In 1979, the Chinese Government adopted a policy of allowing, subject to certain exemptions, each family to have only […]

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