Warren Fernandez, Editor-in-Chief, The Straits Times Warren Fernandez, Editor-in-Chief, The Straits Times These days, Harvard Professor Graham Allison is hailed as something of a prophet. Officials he met in China recently referred to him as the man who “predicted” a clash between the United States and China, he says. “It was not a prophesy,” he adds. “I simply pointed out the recurring patterns of history.” “Today, the conversation has moved to the more urgent question, which is, what’s to be done, and how to escape Thucydides’ Trap?” He is talking about his ground-breaking, best-selling book, published in 2017, with the ominous title, Destined for War: Can America and China escape Thucydides’s Trap? The book, whose title refers to an ancient Greek historian’s chronicle of upstart Athens taking on Sparta, caught global attention for its study of 16 periods of power rivalry over the past five … [Read more...] about US, China: Frenemies?
Trump china policy
Trump fires Sessions, vows to fight Democrats if they launch probes U.S. President Donald Trump speaks during a swearing-in ceremony for new Attorney General Jeff Sessions (R) at the White House in Washington, U.S., February 9, 2017 – PHOTO: REUTERS WASHINGTON (REUTERS) - President Donald Trump on Wednesday forced out Attorney General Jeff Sessions a day after congressional elections, and vowed to fight if the U.S. House of Representatives’ new Democratic majority launches probes into his administration. Sessions - an early Trump supporter who ran afoul of the president by recusing himself from an investigation into Russian meddling in the 2016 White House campaign - said in a letter to Trump that he had submitted his resignation “at your request.” The 71-year-old former U.S. senator was informed on Wednesday morning by White House Chief of Staff John Kelly in a phone call that it was time to go, said an aide who spoke on condition of anonymity. … [Read more...] about Trump fires Sessions, vows to fight Democrats if they launch probes
A carbon fiber production line at a factory in Lianyungang in China’s eastern Jiangsu province. President Trump has ordered a new round of tariffs on Chinese goods, meaning nearly half of all Chinese imports into the United States will face tariffs. — AFP PhotoViet Nam News WASHINGTON — US President Donald Trump on Monday defied warnings and escalated the trade confrontation with China, hitting the country with tariffs starting next week on another US$200 billion in imports and threatening to target even more if Beijing retaliates. Trump said China had refused to change the unfair practices that hurt US businesses and workers. "For months, we have urged China to change these unfair practices and give fair and reciprocal treatment to American companies," Trump said in a statement. "These practices plainly constitute a grave threat to the long-term health and prosperity of the United States economy," he said. "But, so far, China has been unwilling to change its … [Read more...] about Trump hits China with tariffs on another $200bn in goods
A regional economic forum in Vietnam is analyzing the fallout from the ongoing U.S.-China trade spat. Speaking at the regional World Economic Forum in Hanoi, Vietnam, China's Vice Premier Hu Chunhua said the Southeast Asian countries must support multiculturalism and reject unilateral trade policies. "Some individual countries' protectionist and unilateral measures are gravely undermining the rules-based multilateral regime, posing a most serious hazard to the world economy," Hu said Wednesday, in an apparent reference to China's ongoing trade dispute with the U.S. "We must categorically reject protectionism and unilateralism, firmly support multilateralism, and uphold world economic and multilateral trading regime," he added. Earlier this year, the Trump administration imposed steep tariffs on steel and aluminum from key trading partners, as well as punitive duties on $50 billion in annual imports from China, with the possibility that another $200 billion will be imposed soon. China's … [Read more...] about China urges Southeast Asian nations to reject trade protectionism
Factory owners in China’s Guangdong Province said that they are planning to produce outside China, given the existing tariffs and uncertainty about future U.S. trade measures. Angelo Cheung, a Hong Kong-based executive for Aoyagi, a Japanese electronics group that manufactures in China, told Financial Times that some orders from the U.S. had already been halted because of the increasing uncertainty. Cheung said his company is considering various options including moving part of its supply chain to Vietnam. Now with tariffs on made-in-China products set to rise, nations like Cambodia and Vietnam turn out to be more attractive than ever for U.S.-based consumer-goods makers that have factories in China. Some of the names on the list are now Steven Madden Ltd., Tapestry Inc.’s Coach and Vera Bradley. Steve Lamar, executive vice president of the American Apparel & Footwear Association, told Bloomberg that “the shift has been under way” and that the talk of … [Read more...] about Producers in China eye Vietnam in wake of US tariffs