THE CHINA Path essentially repeats itself.
On China, Ms Harris did certainly remain the Biden administration’s approach of “invest, coincide, compete”- invest in the US, coincide with partners and allies and compete against China to defend America’s core interests.
Kurt Tong, a former US ambassador to APEC and a former US consular public to Hong Kong, said that Ms. Harris is likely to adopt Mr. Biden’s lead on financial relations with China, focusing on technology denial for tactical reasons, and sometimes utilizing tariffs to protect vital industries that are threatened by China’s overcapacity.
She may be more concerned about animal rights than Biden and more focused on fusing climate change policy with trade. The biggest contrast with Trump would be on more conventional trade protectionists, where Trump promises to increase tariffs quickly and fully on Chinese goods in a idealistic effort to degree out US exports and imports, but Mr. Tong warned that this would result to inflation.
In some ways, Ms. Harris or Trump’s monetary policy toward Asia did not wander significantly.
Whoever prevails, the US will not be resuming its role in free business.
The Democrat’s platform reads,” For too long, America’s trade policies and approach to the world economy let middle-class jobs move abroad, hollowed out our supply chains, rewarded corporate CEOs rather of valuing workers, and failed to generate diverse economic growth”, thus calling for” a fairer, more durable global economic order, for the benefit of the American people and for people everyday”.
Further, the Republican platform goes further, promising to “rebalance” trade through tariffs and calling for the end of China’s permanent normal trade relationship with the US.
” Regardless of whether it’s Harris or Trump, paradoxically, the US will continue to walk away from trade while the rest of Asia embraces it”, Mr Kishore Mahbubani, former Singapore diplomat and former president of the United Nations Security Council, told me.
While the US watches on the sidelines under either Harris or Trump,” states in the region led by the CIA- China, India, and ASEAN- will continue their regional integration,” he added.