Newsweek

Why Trump May Still Want an Economic War With Beijing

In the White House, the battle over China is only just beginning.
An aerial view of a new energy vehicle manufacturing base in Qinghe County on April 27, 2016 in Xingtai, Hebei province, China. China is targeting 35 million vehicle sales by 2025 and wants new energy vehicles to make up at least one-fifth of that total.
09_08_China_01

Steve Bannon may be gone, but some of his ideas could live beyond his short time in the White House—namely, his provocative views on trade with China. The instant reaction when President Donald Trump fired his much-maligned chief strategist was that Bannon and his allies had been vanquished. The victors, many assumed, were those like Gary Cohn, the head of Trump’s National Economic Council, who don’t want to disrupt the status quo with China, fearing that Beijing wouldn’t help the U.S. stymie North Korea’s nukes program, among other issues.

But the so-called globalists haven’t won yet. In what in August that there is no realistic military option when it comes to the North. That undercut the administration’s public position (“Everything’s on the table’’), but it . Bannon then shocked everyone with his stance on trade. "We're at economic war with China," he said. "It's in all their literature. They're not shy about saying what they're doing. One of us is going to be a hegemon in 25 or 30 years, and it's gonna be them if we go down this path.”

You’re reading a preview, subscribe to read more.

More from Newsweek

Newsweek1 min read
Flood Hopes Stall
Young men inspect the wreck of a vehicle among piles of debris swept along by waters in the village of Kamuchiri, located roughly 30 miles northwest of Kenyan capital Nairobi, on April 29 amid torrential rain and flash floods. Officials said at least
Newsweek14 min readWorld
Trouble in Paradise
ON A CARIBBEAN ISLAND JUST 220 miles from the shore of the U.S. Virgin Islands, a black-clad Chinese security guard swept an arm at more than a thousand acres of woodland and a glittering, aqua-green marine reserve beyond. “It’s like a small country,
Newsweek1 min read
The Archives
“At midnight on June 30, after 156 years of British rule, Hong Kong returns to China,” Newsweek wrote. “Hong Kong is one of the world’s freest places—free not just in its exuberant markets but liberated also in the attitudes of its people.” Despite a

Related Books & Audiobooks