Episode 04: One of the Largest Deals Ever Made: Talking Trump, China, and Trade
On December 1, President Trump and Chinese President Xi Jinping met during the G-20 summit in Argentina and agreed, it seems, to put the economic disputes on ice. No raising of U.S. tariffs from 10 percent to 25 percent, in return for a Chinese commitment to buy an unspecified amount of U.S. products; an agreement to start talks on China’s intellectual property, technology transfer, and cyber policies.
How can Washington address the challenges from the Chinese state-capitalist system? As Peter Rashish put it, a bilateral approach won’t be enough for the U.S. to induce Beijing to change. That will only happen if the White House works with the European Union, Japan, Australia, Canada, Mexico, and other like-minded countries to build an enduring common front.
In this episode of The Zeitgeist, Jeff Rathke and Peter Rashish talk with one of the foremost German experts on the transatlantic trade and economic relationship, Dr. Stormy-Annika Mildner of the Federation of German Industries. They dive into the German and European views of the international trade issues that confront us, what the U.S. and European common interests are with regard to China, and what we can and should be doing together.
Jeff Rathke, President, AICGS
Stormy-Annika Mildner, Head of External Economic Policy, Federation of German Industries
Peter Rashish, Senior Fellow and Director of the Geoeconomics Program, AICGS
Support for this episode is provided in part by the Steven Muller New Initiatives Fund.