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With the U.S. suffering significant inflation, and with supply chain disruptions identified as one of the causes, expect little pressure on China to address intellectual property theft, currency manipulation, unfair Chinese government support in distorting markets, or disruptive Chinese trade barriers. The bias will be to put a happy face on this relationship.
We certainly can hope for Biden to put up a strong position on the COVID-19 pandemic. More than 750,000 Americans are dead…. America, and the world need answers. China needs to be held accountable.
One can only fear where this goes if the U.S. does not confront China. It is unlikely we will see any leadership from Europe on this issue; European leaders seemed determined to forge closer economic ties with China, which will doubtless use these revenues for bulking up its military to “take over the world.” It is either Biden or nobody, and nobody seems to have the upper hand.
An even worse potential outcome on the COVID-19 pandemic issue may be a gauzy statement along the lines that … the U.S. and China will closely cooperate on addressing the current situation…. Even worse, we will form the core of a […]
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