Posts Tagged By Thomas L. Friedman

Opinion | Trump and Xi Sittin’ in a Tree – By Thomas L. Friedman – The New York Times | InconvenientNews.Net

Thomas L. Friedman

By 

Opinion Columnist

CreditCreditDoug Mills/The New York Times

“I was glad to see the stock market get a boost from the news that Chinese and U.S. trade negotiators were talking again and that President Trump blinked a bit and pulled some of his planned tariffs.

But don’t be fooled. Trump and President Xi Jinping of China are still locked in a cage match over who is the true big dog in today’s global economy. Both are desperate not only to “win,” but to be seen to win, and not be subjected to the scorn of their rivals or critics on social media.

Precisely because neither leader feels he can afford that fate, both have overplayed their hands. Xi basically believes that nothing has to change — and all can be made to stay the same by the force of his will. Trump basically believes that everything has to change — and all can be made to change by the force of his will.

The rest of us are just along for the ride.

Let’s look at both men’s calculations and miscalculations. Trump was right in arguing that America should not continue to tolerate systemic abusive Chinese trade practices — intellectual property theft, forced technology transfers, huge government subsidies and nonreciprocal treatment of U.S. companies in China — now that China is virtually America’s technology equal and a rising middle-income country.”

Source: Opinion | Trump and Xi Sittin’ in a Tree – By Thomas L. Friedman – The New York Times | InconvenientNews.Net

Posted in: China, Trade and Trade Policy

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Opinion | China Deserves Donald Trump – By Thomas L. Friedman – The New York Times

Thomas L. Friedman

By Thomas L. Friedman

Opinion Columnist,  May 21, 2019,   1420

 President Trump insists that his tough approach to China will benefit the United States.CreditEric Thayer for The New York Times

“A U.S. businessman friend of mine who works in China remarked to me recently that Donald Trump is not the American president America deserves, but he sure is the American president China deserves.

Trump’s instinct that America needs to rebalance its trade relationship with Beijing — before China gets too big to compromise — is correct. And it took a human wrecking ball like Trump to get China’s attention. But now that we have it, both countries need to recognize just how pivotal this moment is.

The original U.S.-China opening back in the 1970s defined our restored trade ties, which were limited. When we let China join the World Trade Organization in 2001, it propelled China into a trading powerhouse under rules that still gave China lots of concessions as a developing economy.

This new negotiation will define how the U.S. and China relate as economic peers, competing for the same 21st-century industries, at a time when our markets are totally intertwined. So this is no ordinary trade dispute. This is the big one.”

Source: Opinion | China Deserves Donald Trump – The New York Times

Posted in: China, Thomas Friedman, Trade and Trade Policy, United States

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