Last week, Chinese Vice Premier Liu He met with U.S. Trade Representative (USTR) Robert Lighthizer in the latest in a series of high-level conversations designed to de-escalate trade tensions between the world’s two largest economies. The vice premier, President Xi Jinping’s top economic adviser, has a reputation as an economic reformer interested in liberalizing China’s economy, which provides some hope that the parties will finally resolve the simmering trade war.
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The last weeks of 2018 have precipitated significant developments in the so-called trade wars between the United States and its trading partners. Yet the recent agreements made and signed did little to advance efforts toward greater cooperation on the “three-digit sagas”—the tit-for-tat tariff battles occurring under statutory delegations known by their three-digit references, such as Section 232 of the Trade Expansion Act of 1962.
This is the fourth post in a series. Read the first three parts here, here and here.
As opposition grows in the British Parliament to the nearly 600-page agreement negotiated by Prime Minister Theresa May’s government to withdraw the United Kingdom from the European Union, it’s increasingly clear that the current text will not be the final word. But even if the British government is ignominiously sent back to the negotiating table with Brussels, it would be a mistake to dismiss the behemoth withdrawal agreement, and the accompanying 26-page political declaration on the future U.K.-EU relationship, as headed for the trash heap.
On Dec. 5, news broke that Canadian authorities had arrested the chief financial officer of Chinese telecom-equipment company Huawei at the request of the United States. The U.S.
Experts in the technology industry are closely watching the Apple–Qualcomm litigation, in which the phone and computer designer has charged the chip-making firm of anticompetitive behavior and the chip maker has retaliated with multiple worldwide patent lawsuits. But the dispute is worth the attention of national security experts, too. Recent developments set up a potentially revealing showdown in the larger context of the Trump administration’s foreign economic policy.
This is the third post in a series. Read the first two parts of the series here and here.
As the G20 summit in Buenos Aires gets underway, speculation continues to mount over whether U.S. President Donald Trump and Chinese President Xi Jinping can achieve a breakthrough that would put a floor under U.S.-China trade tensions and the ever-deteriorating bilateral relationship.
This is the second post in a series. Read the first part of the series here.
We appear to be entering into a new geoeconomic world order, characterized by great power rivalry between the United States and China and the clear use of economic tools to achieve strategic goals. This increased convergence of economic and security thinking and strategies is likely to lead to a significant restructuring of the laws and institutions that govern international trade and investment.