[This piece was initially published on global research.] Trump started his trade war with China over a year ago. After a year of escalations, two high-profile G20 meetings and months of on-off-on again negotiations, the trade war has the world tittering on the edge of a global recession. In the run-up to last month’s G20 meeting, Trump had boasted that “it’s … [Read more...] about On Trump’s Misguided Trade War with China
The current world order is grossly unfair ... historians of an enlightened future may come back to view our times as the dark ages ... when humans remain bonded to and oppressed by the hegemony and ideology "markets," "rule of law," "freedom" and "democracy". The pure hypocrisy of the world is never ending. And here is just one other small case study... China is often … [Read more...] about U.S. Complains of Current Account Deficit and China Appetite for Western Technologies – A Self Inflicted Wound?
[An edited copy of this article under the title "America should not blame trade – or its trading partners – for its ills " is initially published at the South China Morning Post (pdf archive here)] Bernie Sanders and Donald Trump are leading a new American awakening on global trade. According to the new emerging consensus, America has been the victim of bad trade deals - … [Read more...] about America at a Crossroad: Rethinking Trade, Geopolitics, and Economic Well-Being
Last week, the U.S. Congress passed a bill that authorized the Obama administration to raise tariffs against Chinese goods in response to China's alleged manipulation of its currency, purportedly to gain an unfair trade advantage. According to this article , while the Obama administration "has not taken a position on the bill ... [t]he vote 'shows lawmakers have serious … [Read more...] about Fighting for Jobs in a Globalized World
The U.S. Congress is running scared. With a mid-term election coming up and a populace that is unhappy about the economy, they have resorted to be mad about something, and that something appears to be China - specifically China's valuation of the Yuan (RMB). The argument goes: China is keeping the yuan artificially low. In keeping the Yuan low, China is stealing job from … [Read more...] about The Politicization of the Yuan