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
-
The Financing of WMD Proliferation (JCE TEST)
Reports
The proliferation of weapons of mass destruction is a critical threat facing the international community. Numerous United Nations Security Council Resolutions (UNSCRs) place b...
By Jonathan Brewer
-
Leverage the new US International Development Finance Corporation to compete with China
Commentary
The United States has a unique opportunity to up its game in the global economic competition with China. In early October, even as Democrats and Republicans in the Senate enga...
By Daniel Kliman
-
On GPS: The future of US-China relations
Video
Former Assistant Secretary of State for East Asian and Pacific Affairs Kurt Campbell breaks down the factions and relationships shaping US-China relations. View the full vide...
By Kurt Campbell
-
Assessing America's Indo-Pacific Budget Shortfall
Commentary
Budgets are policy in Washington. Setting new trends in Pentagon and State Department funding is a tall order, so when they do emerge, they are the strongest indication of a g...
By Eric Sayers
