May 04, 2018
U.S. talks trade with China amid broader strategic disengagement
The Trump administration’s senior economic team just wrapped up talks in Beijing to address rising U.S.–China tensions. These talks appear to have amounted largely to an exchange of views, with China, unsurprisingly, evincing little willingness to immediately address the bilateral trade deficit with the United States or curb its mercantilist economic approach.
The bottom line: The inconclusive results should not obscure a new direction in U.S. relations with China: disengagement.
In retrospect, the end of the Obama administration may represent the high-water mark of U.S.-China ties.
- Beijing’s bilateral trade with Washington reached roughly $578 billion in 2016, up from around $116 billion in 2000, while Chinese annual direct investment in the United States over the same period surged from $68 million to more than $45 billion.
Read the Full Article at Axios
More from CNAS
-
Global Leaders Condemn Pahalgam Terror Attack
Video
In the wake of the Pahalgam terror attacks, global leaders, including Trump and Macron, condemned the violence and expressed solidarity with India. As calls for justice grow, ...
By Lisa Curtis
-
Ziemba: Struck By Energy Deal Between India & Saudi Arabia
Video
Saudi Arabia and India have agreed to deepen energy ties and cooperate more closely on tourism and technology as the countries seek to strengthen relations at a time of turbul...
By Rachel Ziemba
-
Trump’s Crackdown on Foreign Students Is a Gift to China
Commentary
When top global talent no longer sees America as a stable, long-term bet — in light of both visa and research funding insecurity — many will vote with their feet....
By Jordan Schneider
-
Trump Administration Realises That The Tariff Strategy Has Backfired: Lisa Curtis
Video
Trump administration realises that the tariff strategy has backfired, says Lisa Curtis, senior fellow and program director at the Center for a New American Security.Watch the ...
By Lisa Curtis
