Posts Tagged by Thomas Friedman

Opinion | China and Trump- Listen Up! – by Thomas Friedman – The New York Times

“HONG KONG — I’ve been in Tokyo and Hong Kong this week, and if I were to distill what echoed in all my conversations, it would sound something like this:

From Chinese business and government types, some real anxiety — “Can you please tell me what is President Trump’s bottom line in this trade war? Is this about rebalancing trade or containing China’s rise?” — combined with some real bravado — “You realize that you Americans are too late? We’re too big to be pushed around anymore. You should have done this a decade ago.”

From the Japanese it was gratitude — “Thank God for Donald Trump. Finally we have a U.S. president who understands what a threat China is!” — combined with real anxiety — “Please, please be careful. Don’t go too far with Beijing and break the global trading system.”

And from a smart European consultant it was bewilderment — “Boy did the Chinese have a failure of intelligence. They had no clue just how much both Democrats and Republicans, and Europeans, all want to see Trump hammer China in these trade talks. But please, please don’t start a cold war with China that will force us to choose sides.”

And from me to both my Chinese and Japanese interlocutors: I’m glad Trump is confronting China on its market access barriers. Those are the real issue — not the bilateral trade imbalance. This is long overdue. But trade is not a zero-sum game. China can thrive and rise, and we can, too, at the same time. That’s what’s been happening for the past 40 years. But we’d be even better off if China offered the kind of easy access to its market for U.S. manufacturers that it enjoys in America. It’s time to recalibrate U.S.-China economic ties before it really is too late.”

 

Thank you Thomas Friedman. Here is a comment I support.

Edward
Philadelphia
Times Pick

In this situation it seems time to cut off access rather than beg for it over and over. If the US and the EU both installed a policy that all policies regarding access are a mirror of the country in question, then the ball is moved into China’s court. Open up and keep access to those markets or stay closed and stay home. Back that up with huge trade and military agreement with the rest of Asia.

Source: Opinion | China and Trump, Listen Up! – The New York Times

Posted in: Thomas Friedman, Trade and Trade Policy

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Opinion | Trump to China: ‘I Own You.’ Guess Again. – by Thomas Friedman – NYT

Shopping in China

“Early in the movie “Crazy Rich Asians” a Chinese-Singaporean father admonishes his young kids to finish their dinner, saying, “Think of all the starving children in America.” I’m sure that everyone of my generation in the theater laughed at that joke. After all, we’d all been raised on the line: “Finish your dinner. Think of all the starving children in China.”

That little line contained within it many messages: The first, which any regular traveler to China’s biggest urban areas can tell you, is that rich China today — its luxury homes, cars, restaurants and hotels — is really rich, rich like most Americans can’t imagine.

The second is that this moment was destined to be a test of who will set the key rules of the global order in the 21st century: the world’s long-dominant economic and military superpower, America, or its rising rival, China. And this test is playing out with a blossoming full-scale trade war.

What does such a test of wills sound like? It sounds like a senior Chinese official telling me at a seminar at Tsinghua University in April that it’s just “too late” for America to tell China what to do anymore on issues like trade, because China is now too big and powerful. And it sounds like President Trump, in effect, telling China: “Says who? Show me what you got, baby!” Or as Trump actually tweeted last week: “We are under no pressure to make a deal with China, they are under pressure to make a deal with us. … If we meet, we meet.” “

Source: Opinion | Trump to China: ‘I Own You.’ Guess Again. – The New York Times

Posted in: China, Foreign Affairs and U.S.ForeignPolicy

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