• Dial 911: Trump’s Telecommunications National Emergency

    US President Donald J. Trump on May 15 declared a “national emergency” that gives his administration the power to prevent US companies from doing business with foreign suppliers, including, potentially, Chinese telecommunications giant Huawei. The decision is likely to exacerbate tensions with China with which the United States is currently engaged in a trade war marked by tit-for-tat tariffs.

    In an executive order, Trump wrote: “foreign adversaries are increasingly creating and exploiting vulnerabilities in information and communications technology and services… in order to commit malicious cyber-enabled actions, including economic and industrial espionage against the United States and its people.” 

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  • Ending US-China Illusions

    This is the week that financial markets should abandon any remaining illusion that U.S.-China trade talks would be a time-constrained, tradable event that ultimately would result in a deal reassuring investors. Near dead is the notion that both sides would inevitably compromise because they so badly need an agreement for their own political and economic purposes. 

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  • After China, Will the EU Be the Next Target of Trump’s Tariffs?

    When Chinese negotiators reportedly walked back some of their commitments to structural changes within the framework of a US-China trade deal late last week, US President Donald J. Trump threatened to increase tariffs on Chinese imports from 10 percent to 25 percent despite ongoing negotiations — a threat that became a reality at midnight on May 10. China announced retaliatory tariffs and Trump said he would impose tariffs of 25 percent on $325 billion in Chinese imports to the United States that are not currently taxed if there is no trade deal within the next few weeks. Trump’s focus could next shift to a different front: a May 18 deadline to decide on how to react to a US Commerce Department report — a decision that could result in tariffs on imported cars and car parts. How might this week’s developments impact his decision? And what does this mean for the prospect of commencing formal US-European Union (EU) trade negotiations?
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  • Xi Jinping’s Promise of an Open BRI Bodes Well For Chinese-Gulf Relations

    Promises made by Chinese President Xi Jinping at the biennial Belt and Road Forum about opening the Belt and Road Initiative to multilateral and third-party investment could bode well for Gulf-China relations and the Middle East more broadly by creating new opportunities for energy and economic cooperation.

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  • China Wants to ‘Divide Western Alliances Through Bits and Bytes,’ Warns Pompeo

    US Secretary of State Michael Pompeo has urged the United Kingdom not to give Chinese telecom giant Huawei a role in building its 5G telecommunications network warning that China wants to “divide Western alliances through bits and bytes, not bullets and bombs.”

    In a speech in London on May 8, Pompeo also said US intelligence sharing relationships with its friends and allies are at stake. He stressed that “insufficient security will impede the United States’ ability to share certain information with trusted networks.”

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  • Trump’s Strong Tariff Card And Why He Won’t Put It Away Anytime Soon

    A strong economy and the support of his base have created the conditions necessary for US President Donald J. Trump to ratchet up pressure on China in trade talks, according to the Atlantic Council’s Bart Oosterveld.

    The stock market’s “muted overall reaction to the threat of tariff escalation” and the fact “that the United States is performing exceptionally well on jobs and growth” have provided the administration “the economic leeway to take drastic measures against China,” said Oosterveld, who is the director of the Atlantic Council’s Global Business and Economics Program and C. Boyden Gray Fellow on Global Finance and Growth.

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  • The Huawei Challenge

    Despite an effort by the United States to persuade its friends and allies not to use 5G wireless communications technology developed by Huawei, many will find it hard to avoid doing business with the Chinese telecom giant altogether.

    Robert A. Manning, a senior fellow in the Atlantic Council’s Scowcroft Center for Strategy and Security, explains: “It will be difficult to avoid licensing any Huawei or Chinese 5G technology as Chinese firms hold 37 percent of all 5G patents.”

    Huawei, for instance, said Manning, “has over 1,000 patents, so many nations and carriers may have little choice but to license some Chinese 5G technology.”

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  • China's Global Power Play

    Chinese leader Xi Jinping’s ambition by now is clear: to reclaim his country’s global greatness and establish itself over time as the pre-eminent economic and political power, not only in Asia but across the world stage.
    His most significant platform to achieve that has been the Belt and Road Initiative, which since it was launched in 2013 has resulted in cooperation agreements with 125 countries and 29 international organizations and estimated planned investments at more than $1 trillion.

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  • Skepticism Casts a Shadow Over China’s Belt and Road Summit

    Heads of state and top government ministers will be listening to the Chinese sales pitch with much more skepticism than in previous years at the second Belt and Road Forum for International Cooperation, a three-day conference that got underway in Beijing on April 25.

    Established in 2013, the Belt and Road Initiative (BRI) seeks to improve international trade connections, infrastructure, and development throughout Asia, Europe, and Africa, with specific focus on connecting China to these international markets. According to the Chinese government, the program has already resulted in an investment of $80 billion in partner countries and Beijing has signed agreements with 122 nations and twenty-one international organizations.

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  • Cohen in Forbes: China Enters Global Tech Race For Small Modular Nuclear Reactors

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