2 weeks Ago
China and the United States are now in a full-blown trade war after U.S. President Donald Trump imposed 34 percent tariffs on Beijing and China countered with an identical figure.
Whether or not Trump now raises the stakes, what's clear is that the U.S.-China economic relationship will never be the same.
China and the United States are now in a full-blown trade war after U.S. President Donald Trump imposed 34 percent tariffs on Beijing and China countered with an identical figure.
Whether or not Trump now raises the stakes, what's clear is that the U.S.-China economic relationship will never be the same.
How does China's strategy on funding science compare with America's? What explains China's apparent economic recovery? Is Trump's trade policy driving East Asian countries closer to China? Those are just a few of the questions that came up in my recent conversation with FP economics columnist Adam Tooze on the podcast we co-host, Ones and Tooze. What follows is an excerpt, edited for length and clarity. For the full conversation, look for Ones and Tooze wherever you get your podcasts.
And check out Adam's Substack newsletter. Cameron Abadi: All the news reports indicate Trump was the one making the decision on the scale and sweep of tariffs. And that seems to me a very technical thing for the president and especially someone without an economics background to be involved in.
How should we be evaluating this process in relation to the technical nature of tariff policies? It got me thinking about how one reads in history books about monarchs or political leaders determining specific military tactics on the battlefield. Adam Tooze: Yeah, it is insane. Interviewed on the relevant news stations last week, very close advisors to the president were saying things like, "I can't really give you any forward guidance on how this is going to go, I don't know, all I know is the president is talking to smart people and so I'm sure he'll make the right decision.
" I mean...
Cameron Abadi , Adam Tooze , Cameron Abadi , Adam Tooze.
