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The New Bazaar: The US-China Trade War: Causes and Consequences
Manage episode 479074475 series 3506872
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It's hard to think of a better guide to the ongoing US-China trade war than Evan Medeiros. A professor at Georgetown University's School of Foreign Service and a lifelong scholar of the US-China relationship, Evan is also the co-author (with James Polk) of a new study, China's New Economic Weapons. Ever since the trade wars of the first Trump term, Chinese officials have been designing a new set of weapons to prepare them for another provocation from the US.
"Whereas in the past China mainly used basic trade or investment incentives and sanctions," the authors write, "today China is developing, testing, and deploying an entirely new collection of legal and regulatory tools for the explicit purpose of imposing targeted costs on companies and countries it sees as acting against its interests. In effect, these are precision-guided economic munitions, designed to inflict targeted and often substantial pain for political and geopolitical purposes."
In other words, China has been preparing for exactly this moment.
Cardiff and Evan discuss these new weapons, the long evolution of the US-China relationship, Evan's own experience in policymaking in the Obama White House, how both American and Chinese leaders have changed in the past decade, and the stakes of the current standoff.
Related links:
- China's New Economic Weapons
- China and Russia Will Not Be Split
- The Delusion of Peak China
- Evan's Faculty Page
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