US vs. China: The art of not making a deal
[2024-02-20 05:45:31]
Have not you succeeded yet? OK, this is a deal. US trade officials may not reach the US-China agreement. Recall that in May it seems there is a deal. There is no trade war. China will buy more to deal with President Cardinal's big concern on bilateral trade deficit. At that time, President Trump was writing on Twitter as follows: "According to our potential deal with China, they will buy from American farmers, like our farmers." China will also increase energy imports.
That is September, the confrontation continues to expand. "The government plans to announce new tariffs on products of US $ 200 million in the US, and Wall Street Journal reported that Beijing discussed about a new way of retaliation for US companies operating in China, It was. Perhaps -10%, 25% or both, then add another $ 250 billion. Complete Majira
How is that? It may be a deal if the market is repelling or if a US consumer is doing this. However, as Goldman Sachs pointed out, the more serious economic consequences of conflict are long-term. Increased business uncertainty, potentially serious financial condition, blow to supply chain, non-tariff retaliation. So, especially the Trump White House seems to believe that China feels economic pressure, so do not hurry.
Furthermore, if the goal is not to buy more things, but to completely change the US-China economic relationship, there may be no agreement. In this case, tariffs are strategic rather than tactical, and the possibility of immediate release is low. Bloomberg columnist Christopher Bardin explains as follows. "Therefore, the trade war should be redefined as a conscious separation" (Of course, the idea of "conscious separation" does not have to be annoying) Actress Gwyneth Paltrow is a consciousness of the general public We are enhancing.
Look, the United States does not want stolen technology to promote China's economic and military progress. Trump's trade hawk wants to go through the supply chain in China (and perhaps other regions). Meanwhile, China hopes to reduce its dependence on foreign technology, such as improving its own technical industry and temporarily prohibiting ZTE trade ban. Where are all conscious disjuncts? Technical analyst Ben Thompson believes that the result is "the difference between China and the West technology". What happened with the services (Facebook / WeChat, Google / Baidu, Amazon / Alibaba) and hardware such as chip manufacturing
From the perspective of direction, all of these seem to occur regardless of tariffs. Even if there are differences in methods, China's cautiousness is a bipartisan problem. (Please check this long question and answer my AEI colleague Derek Scissors and take another approach.) ZTE's near death experience will soon be unforgettable in Beijing.
China and the United States are becoming the world's largest artificial intelligence competitors, Luke and Darth Vader, aliens and predators, Rocky and Iwandradago. The Chinese government has done a lot of publicity as a pillar of this technology leader, but how does the ambitious AI desire in China play a role in the region? Investigation of startup databases IT Juzi and Tencent News provide a new perspective on the strengths and weaknesses of China's AI industry. According to the data, the US is now a clear supporter of artificial intelligence development. The number of American AI companies is 1.82 times that of China. Investment in the US is 1.54 times higher than investment in China, and talent pool is 2.01 times higher than investment in China. Among the total number of AI companies in the world (according to the data of June 2017, 2542), the United States accounted for 42%, while China accounted for 23%, ranked second. These two countries beat the UK, Australia, Japan, Sweden, Singapore and other developed countries.
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