In his first interview since leaving office, the former US Deputy Secretary of State Kurt Campbell tells Christiane Amanpour, “I am struck by how many actors the Trump administration is reaching out against as opposed to bringing on board.”
And that’s causing anxiety among the US’s closest allies in the Indo-Pacific, said Jenny Schuch-Page, managing principal in energy and sustainability with the Washington-based Asia Group. “Even the prospect for a ‘grand bargain’ with China will make countries in South-east Asia wary about how they will fare,” she said.
“Things like cellphones, personal computers, big discretionary items or major expenditures that people have to buy, those things will be harder to replace Chinese-sourced items. So I would expect to see bigger hits in those items just because it’s hard to rebuild a supply chain to replace those,” Ambassador Kurt Tong, an Asia-focused economics expert,
Kurt Tong, former U.S. consul general in Hong Kong and Macau, analyzes the current relationship between the United States and China as trade war intensifies.
“Washington is a seductive city. There is a tendency to amplify and exaggerate its debates and passions, and decide that these absorb the rest of the planet. Most other countries recognise Washington for what it is: capital of a nation with enormous salience. As such, they attempt to understand and adjust to the policy priorities
Key Takeaways Retaliation: China stands unique among Indo-Pacific countries with the highest tariff rate of 145 percent while others have been paused at 10 percent for 90 days. China is also the only country in the region that has chosen to economically retaliate against U.S. tariffs, escalating the tensions into a trade war. Negotiation: Most other Indo-Pacific
Retaliation and Negotiation, Asia Responds to Tariff Implementation Read More »
Success in great-power competition requires rigorous and unsentimental net assessment. Yet the American estimation of China has lurched from one extreme to the other. For decades, Americans registered blistering economic growth, dominance of international trade, and growing geopolitical ambition, and anticipated the day when China might overtake a strategically distracted and politically paralyzed United States;
There’s no denying that US and China are now in a full-blown trade war. Yesterday, the Trump administration tacked on additional tariffs on Chinese imports on top of the “reciprocal tariffs” announced last week against a swathe of US trading partners. Chinese exports to US will now attract a minimum of 104% in tariffs.
Key Takeaways: The Trump Administration has announced that an additional 50 percent tariff will be added on top of the 34 percent tariff on Chinese goods that is set to go into effect at 12:01 AM on April 9. It is now clear that the United States and China have entered a period that
U.S.-China Trade War 2.0: Tumultuous Tit-for-Tat Read More »
“These are choppy waters for Australia. While issues like the cost of living dominate election narratives, the Trump ascendancy is now looming larger over the federal election. Questions abound – what about Australia’s grand geopolitical strategy; and which party leader is best placed to navigate the next few years?”
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