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The US vs TikTok (and China)
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The US vs TikTok (and China)

Ian Bremmer shares his insights on global politics this week on World In :60.

Four years since the US declared COVID a national emergency, how did it permanently reshape the world?

Well, a couple of things. First, it meant that US-China relations got worse, not better. The World Health Organization, the one global organization meant to deal with pandemics, got delegitimized. This was not a crisis that led to greater cooperation. It led to greater mistrust and greater polarization, in part because it wasn't a big enough crisis. Thankfully, we had vaccines really fast, and it also turned out that COVID really affected mostly the super elderly and those with serious preexisting conditions. All of that allowed the geopolitical rifts that already exist to get worse. One good thing, aside from the fact that technology really works, is that the Europeans got stronger on the back of this crisis. They now have more coordinated capabilities to respond to health crises than they did before the pandemic hit. And that has been the EU response to a lot of crises recently, Brexit, the Russian invasion of Ukraine, you name it.

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Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips.

REUTERS/Florence Lo

US Treasury chief goes to China

US Treasury Secretary Janet Yellen is kicking off a four-day visit to China on Thursday. The last time such a visit took place was four years ago, at the height of the Trump’s US-China trade war.

To be sure, Yellen’s trip is more about messaging than substance, with both sides already trying to mitigate expectations of a significant breakthrough as bilateral relations remain extremely tense.

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Can you get by with a little help from your friends?

The pandemic inflicted a huge shock on supply chains, but there is another force at work remapping global trade flows too: the deepening ideological divide between the US and China, framed in Washington as a broader competition between democracies and autocracies.

The so-called “de-coupling” between the world’s two largest economies began during the presidency of Donald Trump, who slapped tariffs on China in a largely unsuccessful attempt to address the real harms that offshoring has done to some US workers.

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Ari Winkleman

Should Biden lift Trump’s China tariffs?

Sometime this month, US President Joe Biden is expected to make up his mind about nixing (some of) the tariffs his predecessor, Donald Trump, slapped on three-quarters of Chinese imports. This was part of a wider trade war against Beijing, which hit back in kind.

Two years ago, then-candidate Biden said he'd remove Trump’s China tariffs if he won the White House but later decided to leave them in place — as he's done with many Trump-era China policies. Now, Biden is taking another look at keeping his campaign promise because, hello, inflation.

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Ari Winkleman

The Graphic Truth: Is the US-China trade war over?

Let's be clear: the US and China are not in a new Cold War. For some time, China hawks in the Trump and Biden administrations, along with members of Congress, have been pushing for the US economy to "decouple" from China, especially on tech. They have failed in many sectors. Despite political pressure in Washington, an ongoing trade war, and both countries preoccupied with domestic crises, the reality is that over the past two years the world's two largest economies have become more integrated — especially on global supply chains. We take a look at US-China annual trade levels since 2015.

China’s coming COVID crisis?

When Eurasia Group, our parent company, released its Top Risks report for 2022 on Monday, readers might have been surprised to see COVID at the very top of the list.

Yes, omicron has sent case and hospitalization numbers surging once again in dozens of countries, but the prevailing mood among many analysts has been positive. After all, this latest variant is thought to be less dangerous than previous COVID variants, and much of the developed world has been vaccinated (and boosted) with remarkably effective vaccines. Some have speculated that “Omicron is the beginning of the end” of the pandemic.

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China sends sanctioned official to AmCham dinner

December 12, 2020 5:00 AM

BEIJING • In a show of defiance, Beijing sent a top official sanctioned by the US to an annual dinner hosted by the American Chamber of Commerce (AmCham) in Beijing.

US will need Japan more as tensions with China rise, says PM Suga's foreign policy adviser

November 06, 2020 1:52 PM

TOKYO (BLOOMBERG) - Friction between the United States and China means Washington will need Japan more than before, regardless of who wins the presidential election, according to a foreign policy adviser to Prime Minister Yoshihide Suga.

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