James H. Nolt
Adjunct Professor at New York University
Jun 06 , 2018
Although many interests in the U.S., China and around the world will be damaged if the world’s two largest economies engage in a trade war, it is likely that Trump would have to back down first, increasing China’s global power and influence.
May 16 , 2018
We are currently headed into an unprecedented crisis in the world trading system that is not simply rooted in bad laws, weak institutions, reckless leaders or rogue nations; it is rooted in wrongheaded theories. The looming U.S.-China trade war is one of the real consequences of this.
Apr 19 , 2018
Those who take Trump more literally on trade issues warn that he really does measure success by rebalancing trade in favor of significantly more U.S. exports and fewer imports. Most trade experts would agree that none of the concessions China is likely to make in the near future would significantly erode China’s massive trade surplus with the United States.
Mar 21 , 2018
Recently China announced an 8.1% rise in military spending for its 2018 budget. This is the largest increase in several years, but it represents continuity rather than signaling any ominous portent.