US-ROK trade: ‘horrible’ to ‘wins’?
US President Donald Trump delivered his speech loud and clear at the UN General Assembly on Tuesday covering a spectrum of issues, ranging from global security, trade, and above all – his idea of “sovereignty.” His bragging also attracted some chuckles among the world leaders. What key messages did Trump fixate on? And how is the international community reacting to Trump’s speech and his “America First” policies?
The US has revamped a trade deal with the Republic of Korea (ROK). The new version of the United States-Korea Free Trade Agreement specifically aims to boost US auto sale, but its effectiveness remains in doubt. Will this deal set a new precedent for more so-called “US wins” in its multi-front trade war?
What’s next in the escalating China-US trade war?
China vs USA: Trade war
Trump’s tariff policy has failed: analysts
After China slammed US President Donald Trump’s accusation that China is meddling in the US midterm elections, analysts noted that Trump’s behavior shows he has been shamed as his policy toward China didn’t bring what he wants but has hurt his supporters.
If Trump discovers he is losing support due to China’s trade retaliation, which has hurt the interests of his supporters, then he should blame himself and people who convinced him to impose additional tariffs against China, because it was his administration that started the frictions and led to China’s retaliation, Chinese experts said on Thursday.
“We do not and will not interfere in any country’s domestic affairs. We refuse to accept any unwarranted accusations against China,” Chinese State Councilor and Foreign Minister Wang Yi said at the UN Security Council at once after Trump made his accusation.
Trump accused China during his remarks at the UN Security Council on Wednesday, saying, “Regrettably, we found that China has been attempting to interfere in our upcoming 2018 elections in November against my administration,” CNN reported.
Trump offered scant details or evidence, which came during a session meant to focus on nonproliferation issues. He suggested the meddling attempts came as retribution for the budding trade war he has waged with Beijing, CNN’s report said.
China’s Ministry of Foreign Affairs also responded to Trump’s remarks on Thursday. “China has always stood by the principle of non-interference in other countries’ internal affairs, and this is a Chinese diplomatic tradition, and the international community knows this,” Chinese Foreign Ministry spokesperson Geng Shuang said at a routine press conference.
“The international community is also clear on which country is most interested in interfering with others’ internal affairs,” Geng noted. He urged the US to stop making groundless accusations and slandering China, and refrain from making wrong statements and actions that damage bilateral ties and the fundamental interests of the two peoples.
‘Not what he wants’
“They do not want me or us to win because I am the first president ever to challenge China on trade,” Trump said at the UN Security Council. “We are winning on trade. We are winning at every level. We don’t want them to meddle or interfere in our upcoming elections.”
However, Chinese analysts disagree with Trump’s rhetoric.
“This shows that Trump has been ashamed into anger due to his unsuccessful policy on China,” said Ni Feng, deputy director of the Chinese Academy of Social Sciences’ Institute of American Studies.
“After a series of tariffs and provocations on the Taiwan question, and sanctions on the Chinese military department and personnel, China has continued to retaliate without any compromise and even refuses to negotiate with the US under the current circumstances. So this situation is not what he wants, which is why he is so angry and tries to make new accusations,” Ni noted.
The US midterm elections are approaching, and the Republicans are facing a serious challenge and might lose the House after the elections. So Trump is trying to “pass the buck,” said Diao Daming, an American studies expert and associate professor at Renmin University of China.
“Blaming China is a good option for him, and some radical Trump supporters will believe him regardless of the truth,” Diao noted.
Due to the interdependency between China and the US, China’s retaliation will definitely hurt US people’s interests, including those of Trump supporters. But don’t forget it was Trump who irrationally began the trade frictions with China, and China is forced to retaliate, Diao said.
“If the US people want to blame someone, they should blame their president. If Trump wants to blame someone for losing support or even the elections, he should blame himself and his advisers who urged him to start the trade row, rather than pass the buck to China,” he noted.
A Chinese State-run English language newspaper inserted a four-page supplement in the Sunday edition of the Des Moines Register, an Iowa-based newspaper, to highlight the negative effects of the trade frictions Trump launched.
“China is actually placing propaganda ads in the Des Moines Register and other papers, and making them appear like news,” Trump tweeted on Thursday.
“According to US laws, foreign media can cooperate with US media,” and many other foreign media companies do the same thing. So, accusing this normal act as evidence of meddling in the elections is far-fetched and groundless, Geng said.
However, the US government, the Congress and the media have done a lot to interfere in China’s internal affairs on Taiwan, Xinjiang and Tibet, Diao noted. “This is real interference in others’ internal affairs.” – Global Times By Yang Sheng
It would be best if Trump could assert a level of caution when speaking at UN headquarters. Fabricated stories and slogans designed to trick American voters will not have the same effect with UN
As long as China keeps upholding its opening-up, foreign enterprises, including many US ones, will continue participating in the development of the China market. China should continue cooperating with the Western world and the US on climate change, anti-terrorism, nuclear nonproliferation, global poverty and stabilizing the financial
situation. As long as China keeps its development momentum, the US is doomed to lose the trade war.
There are positive aspects as Trump emphasized the idea of national sovereignty in his UN speech. Meanwhile, it is common sense that sovereignty will only play a positive role if it is pre-conditioned on equality, the basic principle everyone abides by.
We also hope that the Chinese public gets to know the causes and effects of the event and the steadiness of the Chinese government’s policies. No matter how long China-US trade conflicts last, China is doing what it should. China is honest and principled and a
major trade power with intensive strengths. No one can take us down.
The US is anxious about its temporary gains and losses. One minute it wants Sino-US exchanges, but the next it worries China is taking advantage. Its relevant policies are bound to change all the time. Its latest decision is like the trade war. Washington’s purpose is to drag Beijing down, but it will mostly hurt itself.
History has proved that Pyongyang-Washington ties have a
decisive effect on inter-Korean relations. In this sense, in the final
analysis, Seoul needs to focus on lobbying Washington.