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Monday 21st December 2020

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Graham Perry
Experienced Arbitration Lawyer | China & Chinese Business Affairs | Public Speaker/Lecturer.

The rise of China is viewed differently by different parties.
Within the Trump administration there are serious conflicts.

Trump is in a race against time to do as much damage to US/China relations before he leaves the White House. There is still a month to go to so expect more negative action from the White House. Trump is trying to make it difficult for Biden to reverse the Trump cascade of bans + restrictions without Biden being labelled “Soft on China” and thereby opening a line of sustained political attack over the next four years.

The State Dept and the Pentagon have lined up behind Trump following his Executive Order to bar US companies from investing in Chinese companies that assist the Peoples Liberation Army. But the US Treasury is resisting.

Treasury Secretary, Steven Mnuchin, reflecting pressure from US companies eager to promote more links with China, is concerned about the effect of the Trump interventions on the US economy and about legal challenges in the US courts that will undermine Trump’s initiatives.

Another example of politicians having a political agenda and business interests having a business agenda.

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