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Media Report
April 03 , 2018
  • The Washington Post：The U.S. wrote the rules for global trade. Now China is using them against Trump.
    The Washington Post reports: "The Chinese government designed its first concrete response to President Trump's recent wave of protectionist policies to inflict noticeable political and economic pain upon the United States while remaining within the bounds of global trade rules. China imposed tariffs on a relatively modest $3 billion in American imports. But by hitting numerous products, including fruit, wine, ginseng and pork, that affect congressional districts across the country, China demonstrated that it can exert pressure within the American system. The goal was to demonstrate resolve without escalation and to encourage disadvantaged farmers and workers to complain to their elected representatives. Beijing is prepared to engage in a slugging match, but its preferred solution to the deepening trade dispute remains a diplomatic outcome."
  • Financial Times：America's new digital cold war with China
    Financial Times reports: "We are in a new cold war with Beijing, to retain control of the technology critical to the modern economy. When word leaked out in January about the US government's "moon shot" attempt to develop a nationwide 5G network, the initiative was met with confusion and ridicule. But this is the year that 5G moves from the drawing board to the real world. And to an unprecedented degree, China and Chinese equipment makers are taking centre stage in that 5G future... the development and manufacture [China's] of the next generation of wireless technology and equipment cannot be a matter of indifference to any country that still believes in freedom of expression... America's 5G moon shot — not yet abandoned, despite rumours of its demise — is one part of this larger strategy to disrupt China's government-subsidised rise in the wireless world."
  • NPR：What Chinese Tariffs Targeting American Crops Will Mean For Farmers
    NPR reports: "The Chinese government announced tariffs on 128 American products, including food. Pork will be taxed 25 percent, and wine, dried fruit, and nuts are now subject to a 15 percent duty... Trade officials from each country are negotiating, and it's not yet clear how long the duties will be in effect, or what the lasting impact will be for American producers and growers. But for businesses who already have shipments in transit, there are immediate effects... Jim Zion, managing partner at Meridian Growers in Fresno, Calif., distributes almonds, pistachios, and pecans to markets like China."
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