US-China trade deal unravels. What next?

28 June 2020 — Indian Punchline

M.K. Bhadrakumar

US-China standoff hots up as White House compares Chinese President Xi Jinping with Soviet leader Joseph Stalin

The world community can heave a sigh of relief that there isn’t going to be a new cold war between the United States and China. A Cold War needs two blocs: while Washington is unable to cobble together a bloc, Beijing is disinterested in one, lacking a bloc mentality. But isolating China in the international community is easier said than done, as the US-led globalisation is replaced by a China-led globalisation.

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Beijing sees Trump’s hand and won’t fold

30 May, 2020 — Asia Times

With Sinophobic hysteria reaching new heights in US, China’s counter play is a massive new economic plan

Chinese President Xi Jinping and US President Donald Trump in a file image. Image: Youtube

Stranger things have happened.

Everyone was expecting US President Donald Trump to go nuclear by de facto sanctioning China to death over Hong Kong. In an environment where Twitter and the President of the United States are now engaged in open warfare, the rule is that there are no rules anymore.

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It’s all going pear-shaped

24 August 2019 — Michael Roberts Blog

Recessions, monetary easing and fiscal stimulus

With perfect timing, just as the summit meeting of the leaders of the top capitalist economies (G7) met in Biarritz, France, China announced a new round of tariffs on $75bn of US imported goods. This was in retaliation to a new planned round of tariffs on Chinese goods that the US planned for December. US President Trump reacted angrily and immediately announced that he was going to hike the tariff rates on his existing tariffs on $250bn of Chinese goods and impose more tariffs on another $350bn of imports.

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