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IF YOU DO IT IM GONNA DO IT IF YOU DO: US-CHINA TRADE

IF YOU DO IT IM GONNA DO IT IF YOU DO: US-CHINA TRADE

We have yet to hear the big guns pop in a US-China trade war, but both sides are now taking aim with heavier artillery. Earlier this week, US President Donald Trump threatened an additional $200 billion of tariffs on Chinese goods if Beijing has the gall to respond to Washington’s earlier proposal of $50 billion in tariffs with levies of equal measure.


Let’s just review where we’ve been and where we’re at. Take it away, Gabe and Alex:

Round one: Done. Earlier this spring, the US imposed tariffs on imports of steel and aluminum from a number of countries, including China. Beijing responded with tariffs on US aluminum, pork, nuts and other goods. Each side hit about $2.5 billion of the other’s goods. Small fry stuff.

Round two: Imminent. The Trump administration announced tariffs last Friday on some $50 billion of Chinese machinery and equipment, which are to go into effect on July 6. China responded, in kind, with a list of tariffs on about $50 billion of US agricultural goods and food products, which will go into effect on the same day.

Round three: Why I oughta! In response to China’s $50 billion response to the $50 billion, Trump asked for an expanded list of Chinese exports — including a number of consumer goods — totaling some $200 billion. China has so far threatened “strong countermeasures,” but hasn’t said exactly what that means.

As you can see, a lot of threats but not a whole lot has actually happened yet. If this is a trade war, we’re still in the phony stage of conflict. So will each side go further?

It’s not really Trump’s style to back down, and the political winds are with him on this one. Trump’s approval rating among Republicans is sky-high. What’s more, a majority of Americans support more tariffs on China, including 55 percent of independents who, in fairness, Trump hasn’t exactly courted. It may be true that a wider trade war would hit his base in their wallet. What’s not clear is whether that would drive them away or further bolster Trump’s claims to be defending US workers against a hostile world. In any event, Trump appears willing to take the risk to bolster his, and the GOP’s, standing ahead of the midterms.

For Xi, Washington’s trade threats are an impediment to the broader long-term national goal of dominating the industries of the future and the global economy on which he’s staked his legacy. There is also a more immediate concern: maintaining domestic growth amid a modest slowdown and preparing for the annual meeting of the Communist Party this Fall, where he hopes to parade his political bona fides after a controversial power consolidation last year. But so far the rhetoric coming out of China suggests Xi is willing to stay tough amid mounting US pressure.

Microsoft released a new annual report, called the Digital Defense Report, covering cybersecurity trends from the past year. This report makes it clear that threat actors have rapidly increased in sophistication over the past year, using techniques that make them harder to spot and that threaten even the savviest targets. For example, nation-state actors are engaging in new reconnaissance techniques that increase their chances of compromising high-value targets, criminal groups targeting businesses have moved their infrastructure to the cloud to hide among legitimate services, and attackers have developed new ways to scour the internet for systems vulnerable to ransomware. Given the leap in attack sophistication in the past year, it is more important than ever that steps are taken to establish new rules of the road for cyberspace: that all organizations, whether government agencies or businesses, invest in people and technology to help stop attacks; and that people focus on the basics, including regular application of security updates, comprehensive backup policies, and, especially, enabling multi-factor authentication. Microsoft summarized some of the most important insights in this year's report, including related suggestions for people and businesses.

Read the whole post and report at Microsoft On The Issues.

On Tuesday night, you can finally watch Trump and Biden tangle on the debate stage. But you TOO can go head to head on debate night .. with your fellow US politics junkies.

Print out GZERO's handy debate BINGO cards and get ready to rumble. There are four different cards so that each player may have a unique board. Every time one of the candidates says one of these words or terms, X it on your card. First player to get five across wins. And if you really want to jazz it up, you can mark each of your words by taking a swig of your drink, or doing five burpees, or donating to your favorite charity or political candidate. Whatever gets you tipsy, in shape, or motivated, get the bingo cards here. It's fight night!

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GZERO Media, in partnership with the Bill and Melinda Gates Foundation and Eurasia Group, today hosted its second virtual town hall on the hunt for a COVID-19 vaccine and the challenges of its distribution.

The panel was moderated by New York Times science and health reporter Apoorva Mandavilli and featured Gates Foundation's Deputy Director of Vaccines & Human Immunobiology, Lynda Stuart; Eurasia Group's Rohitesh Dhawan, Managing Director of Energy, Climate & Resources; Gates Foundation CEO Mark Suzman; and Gayle E. Smith, the president & CEO of ONE Campaign and former Administrator of the U.S. Agency for International Development.

Watch the full video above.

The enormous scale of the coronavirus pandemic was captured earlier this week as the global death toll surpassed 1 million people. As the weight of the grim milestone sunk in, the New York Times noted that COVID-19 has now killed more people this year than the scourges of HIV, malaria, influenza, and cholera — combined. While some countries like Germany and South Korea are models in how to curb the virus' spread through social distancing and mask wearing, other countries around the world have recently seen caseloads surge again, raising fears of a dreaded "second wave" of infections. Here's a look at countries where the per-capita caseload has spiked in recent days.

Donald Trump's presidency has irked a lot of people around the world. And in fairness, that's no surprise. He was elected in part to blow up long-standing assumptions about how international politics, trade, and diplomatic relations are supposed to work.

But while he has correctly identified some big challenges — adapting NATO to the 21st century, managing a more assertive China, or ending America's endless wars in Afghanistan and Iraq — his impulsive style, along with his restrictions on trade and immigration, have alienated many world leaders. Global polls show that favorable views of the US have plummeted to all-time lows in many countries, particularly among traditional American allies in Europe.

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