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The US-China Steak Pact: Not as Meaty as it Looks

The US-China Steak Pact: Not as Meaty as it Looks

Over the weekend, US President Donald Trump and his Chinese counterpart Xi Jinping ate steaks and agreed to put the "trade war" on hold: Trump will postpone his plan to increase tariffs on about $200 billion of Chinese goods, and Beijing will push its companies to buy more American products.


Any easing of tensions between the world's two largest economies is good news, but it's tough to see this truce lasting for long. The Trump administration has left a window of just 90 days for the two sides to reach a comprehensive deal addressing Washington's deeper grievances: Beijing's policy of heavily supporting its own firms while forcing foreign ones to surrender advanced technology in order to gain access to the Chinese market. Without a deal like that, Trump will be back to raising tariffs, and we'll be back on a (trade) war footing.

Here's the problem: From Beijing's perspective, changing that policy is a non-starter. China sees technological dominance as the key to 21st century superpower status, and it views external attempts to modify its state-centric economic approach as a neo-imperialist bid to undercut China's rightful destiny as a global power. This is not something that will be resolved in three months' time. Chill out for now, but buckle up for later.

President and CEO of the National Urban League, Marc Morial, comes to 'That Made All the Difference' podcast to discuss his time as mayor of New Orleans, today's challenges, and what it will take to build a more just, equitable and inclusive society.

Listen now.

Though celebrations will surely be more subdued this year, many Germans will still gather (virtually) on October 3 to celebrate thirty years since reunification.

After the fall of the Berlin Wall — and the subsequent collapse of the Soviet Union — Germany reunited in a process whereby the much wealthier West absorbed the East, with the aim of expanding individual freedoms and economic equality to all Germans.

But thirty years later, this project has — to a large extent — been difficult to pull off. The economic and quality of life gap is shrinking, but lingering inequality continues to impact both German society and politics.

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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.

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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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Watch: Tolu Olubunmi in conversation with Dr. Samira Asma from the World Health Organization on how they are advancing health data innovation in the age of COVID-19.

This content is brought to you by our 2020 UN General Assembly partner, Microsoft.

Watch UN Innovation Room conversations weekly on Thursdays at 9 am EDT: https://www.gzeromedia.com/unga/livestream/

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