TAG Managing Partner, Amb. Kurt Tong interviewed on CNA where he discussed the potential increased tit-for-tat U.S.-China tariff hikes stating, “If the U.S. insists on isolating itself from the rest of the global trading economy – the most important part of which is in Asia… that will lead to slower growth, lost income and job […]
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
TAG China Country Director, Han Lin, commented on the potential of a financial war resulting from the U.S.-China tariff war in the German FAZ stating, “As a retaliation tool, a sudden sell off U.S. Treasuries by China is a two-way sword. While it would add pressure on the U.S. and could escalate U.S.-China tensions from
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.
TAG China Country Director, Han Lin, joined the BBC Business Matters full program to discuss U.S.-China Tariffs, South Korea unmanned bars, the Beatles and other topics. On U.S.-China Tariffs, he mentioned, “China is frustrated how the U.S.-China trade relationship has unraveled so quickly without an off-ramp for a solution beyond China capitulation.”
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