What’s really going on
‘This is a high stakes strategic conflict between a power which wants to preserve the status quo in its favour and one which wants to usurp that throne.’
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canada goose black friday sale IMAGE: The body language says it all! Chinese State Councilor and Foreign Minister Wang Yi, right, with canada goose outlet los angeles United States Secretary of State Mike Pompeo at the Diaoyutai state guesthouse in Beijing, October canada goose outlet montreal 8, 2018. Photograph: Andy Wong/Pool/Reuters canada goose black friday sale
It is a full on trade war between two of the mightiest global powers and both sides are trying to play hardball.
After imposing tariffs on $34 billion worth of Chinese goods in July, US President Donald J Trump ratcheted up the pressure by going in for another $16 billion worth last month and ordering his administration to prepare to collect tariffs on $200 billion of Chinese trade on top of that.
canada goose uk outlet China has responded with its own set of reciprocal sanctions on the US products. canada goose uk outlet
There is a possibility that the two sides are getting ready for talks but ahead of those talks, President Trump is planning to impose a fresh round of tariffs on Chinese products to increase pressure on Beijing.
canadian goose jacket Mr Trump has long accused China of unfair trade practices such as subsidies, currency manipulation and, in particular, of stealing American intellectual property in the form of cutting edge technology. canadian goose jacket
Against this backdrop, Chinese President Xi Jinping’s flagship ‘Made in China 2025 initiative is viewed with suspicion as it is aimed at strengthening Chinese foothold in key industrial sectors, including pharmaceutical products, aircraft and robotics.
This is reflected in the US trade representative’s description of the initiative as part of a plan of ‘seizing economic dominance of certain advanced technology sectors.’
While one can view these developments as a function of President Trump’s worldview, there is a wider shift happening in the US in so cheap canada goose far as China is concerned.
There is a fundamental re evaluation of America’s China policy going on at the canada goose outlet uk moment with questions being raised about the nation’s past posture.
As a 2017 report from the US trade representative to the US Congress underscores: ‘It seems clear that the United States erred in supporting China’s entry into the WTO on terms that have proven to be ineffective in securing China’s embrace of an open, market oriented trade regime.’
canada goose These concerns about China’s economic behaviour are not America’s alone. A number canada goose outlet store quebec of other leading trade powers, including the European Union, share these concerns. canada goose
buy canada goose jacket The EU, for example, has been asking China to deal with its excess steel and aluminium capacity, and has even complained to the WTO about the theft of intellectual property and high end technology. buy canada goose jacket
Foreign companies wanting to operate in China canada goose jacket outlet store have to work with a Chinese partner in a way that means they can easily lose control of their technology. But the EU has refrained from unilaterally imposing additional trade barriers on China like the Trump administration.
While China has responded with a tit for tat approach in retaliating against the US, the future will be difficult for Beijing because China imports much less from the US than it exports there.
buy canada goose jacket cheap There have been reports about the growing criticism of Xi in China as the future economic canada goose jacket uk prospects of the country look tough. buy canada goose jacket cheap
Since the end of the Cold War, the American canada goose vest outlet strategy vis a vis China https://www.canadagoosecanadaoutlet.com was premised on the assumption that the more the US engages China, the faster China would become more like the US and emerge a responsible stakeholder in managing a global order set by the US and its allies after the end of the Second World War.
cheap Canada Goose But this strategy has a fatal flaw: Major powers react to their own set of structural incentives, canada goose outlet uk fake they don’t necessarily respond to the assumptions underpinning the policies of their competitors. cheap Canada Goose
The US policy critically underestimated the resolve of the Chinese Communist party to maintain its position in the nation’s domestic politics and its will to global power.
This will has been repeatedly manifest in the Chinese behaviour on issues from East and South China Seas to the Belt and Road Initiative and China’s military build up.
Where in the beginning, Chinese leaders were cautious in challenging the US for global hegemony, there is now a real sense in Beijing of having arrived and it wants the global order to reflect its interests and values.
uk canada goose outlet This is well recognised in the US today. uk canada goose outlet
As compared to the past, there is now a greater awareness of how China has manipulated the international system to serve its agenda. And so the pushback on the economic front is the first major attempt to redirect US China ties.
In global relations, economic order rests on the political order.
Under the garb of a trade war, this is a high stakes strategic conflict between a power which wants to preserve the status quo in canada goose outlet uk sale its favour and one which wants to usurp that throne.