Without tariffs, the EU faces a flood of Chinese imports of the new three
Atlantic Council » China
by Joseph Webster
3d ago
Washington’s recent tariffs against Chinese products all but ensure a flood of these exports to Europe, necessitating a response from Brussels. The products include China’s “new three” cleantech exports—lithium-ion batteries, electric vehicles (EVs), and solar panels—posing undeniable dilemmas for Brussels as it balances security, economic, and climate interests. To head off a deluge of Chinese products while also allowing some to support decarbonization goals, Brussels should selectively and thoughtfully apply greater tariffs and restrictions. Concurrently, European industrial policy should p ..read more
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Biden’s electric vehicle tariff strategy needs a united front
Atlantic Council » China
by Sophia Busch, Josh Lipsky
3d ago
Last week, President Biden announced 100 percent tariffs on Chinese electric vehicles (EVs), and former President Trump reiterated his plan to put a 200 percent tariff on all auto imports from Mexico.  According to the administration, there are two major motivations behind these tariff increases: 1) Protect and stimulate US clean energy industries and supply chains, and 2) Counter a flood of Chinese goods, as Beijing turns to exports to compensate for weak internal demand. The challenge with the second objective is that, as was evident in the 2018 trade war, tariffs are not likely to chan ..read more
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Sarah Bauerle Danzman Testifies before the US-China Economic and Security Review Commission on outbound investment from the United States to China
Atlantic Council » China
by Sarah Bauerle Danzman
3d ago
It is an honor to provide testimony to the US-China Economic and Security Review Commission on the topic of outbound investment from the United States to China, its potential to create national security concerns, and ways in which to address these concerns in a balanced and effective manner. In this testimony, I provide: Descriptive data that show the United States is the primary overseas investor in China, mostly through venture capital, though the volume of these flows has declined substantially in recent years. An overview of the four key components of the executive order on regulating cer ..read more
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There’s less to China’s housing bailout than meets the eye
Atlantic Council » China
by Jeremy Mark
5d ago
Beijing grabbed headlines last week by declaring its resolve to address the country’s deep property slump with 300 billion yuan ($42 billion) of central bank funding for state-owned enterprises to buy up vacant apartments. That money, along with relaxed mortgage rules, briefly offered a slight hope that the government finally is coming to grips with a crisis that has undermined China’s economy. The reality is that the Beijing’s measures are a mere drop in an ocean of empty or unfinished apartment buildings, moribund developers who have defaulted on at least $124.5 billion of dollar debt, and h ..read more
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The Euro’s share of international transactions is likely smaller than it looks 
Atlantic Council » China
by Hung Tran
5d ago
Analysts have relied on monthly reports about the relative shares of the world’s currencies in international payment transactions, released by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), to assess the importance of various currencies in the global payment system. The latest SWIFT report shows that, in March 2024, the dollar improved its position, accounting for 47.37 percent of the total transaction value of all messaging, while the Euro declined to an all-time low of 21.93 percent. By comparison, the RMB remained in the fourth position with 4.69 percent of all tra ..read more
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Webster quoted in the Financial Times, CNN, AFP, and Yahoo News on US-China tariffs
Atlantic Council » China
by smeadows
5d ago
CNN AFP Yahoo News Financial Times The post Webster quoted in the Financial Times, CNN, AFP, and Yahoo News on US-China tariffs appeared first on Atlantic Council ..read more
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Garlauskas, Webster, and Verges quoted in The Economist on article on China’s support for Russia
Atlantic Council » China
by smeadows
5d ago
original source The post Garlauskas, Webster, and Verges quoted in The Economist on article on China’s support for Russia appeared first on Atlantic Council ..read more
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Global China Newsletter – A flurry of leader-level diplomacy
Atlantic Council » China
by Dexter Tiff Roberts
1w ago
Subscribe to the Global China Hub What a difference a week makes. Russian President Putin’s visit to China this week produced few surprises (besides an awkward hug). The world has grown accustomed to the frequent meetings between Putin and his friend Xi Jinping. But the significance of Xi’s reaffirmation of a deepening partnership with Moscow at this moment in history must not be overlooked. The countries’ latest joint declaration proclaims XI’s intent to deepen military coordination and jointly transform the global order with a country which is now a pariah amongst developed democracies due ..read more
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Taiwan’s new president has a nationalist reputation. It could be an asset when dealing with Beijing.
Atlantic Council » China
by Wen-Ti Sung
1w ago
On May 20, Taiwan will swear in its next president, Lai Ching-te, also known as William Lai. This victory for Lai, a member of the Democratic Progressive Party (DPP), marks the first time in Taiwan’s democratic era that a political party has won three straight presidential elections in a row. Lai brings with him several priorities and proclivities—first and foremost a reputation as a “pragmatic worker for Taiwan independence”—that on the surface seem to be a liability for easing cross-strait tensions. If wielded appropriately, however, this label could be an asset. Who is William Lai? Lai’s po ..read more
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#AtlanticDebrief – What was the outcome of Xi’s visit to Europe? | A Debrief from Valbona Zeneli
Atlantic Council » China
by nlawler
1w ago
IN THIS EPISODE What were the main outcomes of President Xi Jinping’s visit to Paris, Belgrade and Budapest? How successful was President Macron in demonstrating European unity on China? How concerned should the EU be with China’s economic and bilateral relationship with Hungary? What are the implications of growing Serbia-Chinese relations for the Western Balkans and the region’s European integration? On this episode of #AtlanticDebrief, Jörn Fleck sits down with Valbona Zeneli, Europe Center Nonresident Senior Fellow, to discuss the significance and impact of Xi’s visit and i ..read more
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