March 22, 2018
With Trump economic crackdown, a new era in U.S.–China relations
The Trump administration announced today a plan to levy investment restrictions and roughly $60 billion worth of tariffs on China in response to its widespread violation of U.S. intellectual property rights. The message to Beijing is clear: Washington will no longer overlook China’s systematic efforts to acquire American technology.
Why it matters: These economic policies mark the dawn of a new era in U.S.–China relations. Though once a source of stability between the world's two most powerful nations, commerce and investment will from now on be a flashpoint.
The big picture: Beijing pursues U.S. technology by extracting intellectual property from U.S. firms operating in China, investing in American companies and startups, and opening research centers in the U.S. to tap American talent. While the tariffs might compel China to improve its domestic treatment of American firms, they leave most of China's practices unaffected. Limitations on Chinese investment in the U.S. — if carefully scoped and adaptable to Beijing’s evolving toolkit — would do more.
Read the full op-ed on Axios.
More from CNAS
-
Commentary
Defense / Indo-Pacific Security
Trump’s NATO DilemmaThis article was originally published in Foreign Affairs. Last November, Matthew Whitaker, the U.S. ambassador to NATO, startled a gathering of European officials at the Berl...
By Sara Moller
-
Video
Indo-Pacific Security / Transatlantic Security
Top Experts Decode India-U.S. Trade Deal | Questions Loom Over Russian Oil Imports, $500Bn InvestmentIn this episode of India Ascends, amid US President Donald Trump's claim that India has agreed to halt purchases of Russian oil, New Delhi has reiterated that ensuring energy ...
By Daniel Silverberg
-
"Modi-Trump Share a Very..." White House on India-U.S. Deal as BJP vs Congress at Home
Video
In the wake of a high-octane year of tariff wars and diplomatic friction, a massive breakthrough has finally been reached: the India-US Trade Deal is officially here. But as t...
By Lisa Curtis
-
Will India Halt Russian Oil Imports Under India-U.S. Trade Deal? U.S. Expert Lisa Curtis Explains
Video
Top foreign policy expert and Director, Centre for New American Security, Lisa Curtis discusses the likelihood of India halting imports of Russian oil under the new India-U.S....
By Lisa Curtis
