Asia | Featured Articles

China Isn’t an Enemy and Hawks Shouldn’t Turn It into One
World | Saturday, May 11, 2019

The Pentagon recently released its latest report on the Chinese military, titled “Military and Security Developments Involving the People’s Republic of China 2019.” Although mandated by Congress, the Department of Defense probably would have produced the volume even if not required to do so. How else would they justify Washington’s massive military expenditures, globe-spanning network of bases, and troop deployments in dozens of nations? China is the best “necessary enemy.”

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The Trade Deficit with China Hit a New Record, and That’s OK
Trade & Finance | Thursday, January 17, 2019

In President Trump’s reckoning, international trade is a zero-sum game with distinct winners and losers. Exports are Team America’s points. Imports are the foreign team’s points. The trade account is the scoreboard, and the deficit on that scoreboard proves that the home team is losing at trade. Accordingly, the president considers blocking imports and promoting exports to be integral to effective trade policymaking.

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Prepare for Slower Growth and Greater Risks in 2019
Politics | Tuesday, January 01, 2019

2018 likely will be remembered for achieving solid economic growth, a highly volatile stock market, and an emerging trade war with China. In 2019 we can expect slower growth, continued volatility, and China to resist significant market-based reforms. These and other factors, combined with an environment of political uncertainty, could create greater risks.

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Economic Growth, China and Uncertainty
World | Wednesday, October 10, 2018

The U.S. economy is estimated to grow by 3.1 percent this year, according to the Federal Reserve’s median rate, followed by 2.5 percent next year and 2 percent in 2020. The Wall Street Journal’s Economic Forecasting Survey of more than 60 economists indicates very similar projections.

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Partners or Rivals? the Future of the US - China Economic Relationship
Economy | Saturday, September 01, 2018

It seems so long ago now, but towards the end of the Obama administration, government officials from the United States and China were working diligently to try to conclude a bilateral investment treaty (BIT). There was some uncertainty about whether the two governments would reach an agreement, as well as whether the U.S. Congress would ratify the treaty, but nevertheless, these two leading economic powers were working together towards a joint vision in an important area of global economic governance.

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Trade Casualties Mount: A New Strategy Is Required To Change Chinese Behavior
World | Friday, August 03, 2018

Trade casualties are mounting in both the United States and abroad as President Trump’s tariffs against imports from China, as well as from our allies, begin to be felt. Earlier we reported that U.S. steel producing industries, which employ approximately 140,000 workers, likely would benefit at the expense of the much greater U.S. steel-using industries, which employ 5.5 to 6.5 million U.S. workers. But recent reports indicate that even these U.S. steel producers are experiencing new difficulties as a result of the tariffs.

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The Korean Crisis Can Only Get Worse
World | Friday, May 25, 2018

President Donald Trump shocked foreign policy professionals during his presidential campaign when he stated that he was willing to talk to North Korea’s Kim Jong-un. Earlier this year, he took up Kim’s surprise summit offer, resulting in the foreign policy shocker of the year.

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The Coming Trade War?
Economy | Saturday, April 28, 2018

Donald Trump was not the first U.S. presidential candidate to blame foreigners and their trade practices for America’s real and imagined economic woes. That is a time-honored tradition of U.S. electoral politics. But Trump is the first president — at least since Congress began delegating parts of its trade policymaking authority to the executive branch a century ago — to actually believe that protectionism will make America great. That alone makes trade war likely. Add a heaping sense of nationalist grievance and trade war appears imminent.

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China and the United States Need a Free Trade Agreement
Trade & Finance | Monday, April 09, 2018

President Trump’s recent decision to impose tariffs on imports of steel and aluminum was met with Chinese tariffs on U.S. products and agricultural goods. In turn, this has escalated with each country identifying additional barriers to trade. To prevent a damaging trade war, and for our mutual long-term benefit, the United States and China need to negotiate a free trade agreement.

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The Real Reason North Korea May Start a War
World | Tuesday, August 01, 2017

If you listen to the administration today you would think America was a small, virtually defenseless country threatened by a gaggle of hostile great powers. The latest national-security crisis involves the vast, globe-spanning empire of North Korea. Director of National Intelligence Daniel Coats declared on NBC that the North “has become a potential existential threat to the United States.” He apparently sees Pyongyang’s armored divisions, aircraft carriers, air wings and nuclear-tipped missiles encircling the beleaguered United States.

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