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Showing posts with the label CAI

Asia and Europe Weigh the Unintended Consequences of American Decline

Internationalism No. 73, March 2025 Page 4 “By punishing his longtime allies with tariffs, Donald Trump is encouraging other nations to form trading blocs and networks that exclude the United States”. Whilst the New York Times treats the issue polemically, it constitutes an important strand of reflection in European and Asian assessments. The duties are a “declaration of economic war”, according to Le Monde. A rapid, temporary negotiating truce followed, with tariffs suspended in exchange for tactical concessions from Canada and Mexico. Whilst the “bluff” may have yielded some transitory results, a “permanent instability” is settling at the heart of American affairs. Unpredictability as a weapon is the strategy with which the new presidency intends to tackle, and perhaps even temporarily reverse, American decline. This, though, comes at the cost of compromising the United States” credibility as the guarantor of the old order and the network of alliances which...

China on the Doorstep of the TPP

Internationalism No. 33, November 2021 Page 7 The signing of the Regional Comprehensive Economic Partnership ( RCEP ), a major Asian trade agreement, in November 2020, was remarkable because India decided not to take part in it while Japan was determined to strike a deal with China, despite the difficult political transition underway in Washington. Some questions arose at that time. Would the EU show as much autonomy from the United States on the Euro-Chinese economic negotiation front? Would India eventually join the RCEP ? Would the United States return to the competing transpacific project? Would China also seek to join also the Trans-Pacific Partnership ( TPP )? TPP ’s variable geometry In December 2020 came the first reaction from the European Union, which signed the EU-China Comprehensive Agreement on Investments ( CAI ), ignoring a request from Joe Biden’s new presidency to stall the proceedings. On September 16 th , 2021 the question regarding China w...

The Comprehensive Agreement on Investment Strengthens the ‘European Party’ in China

From the series News from the Silk Road “Chinese people treat [US democracy] as a variety show which is much more interesting than House of Cards’ [...]”. Beijing does not feel the same embarrassment as the old democracies of the West faced with the grotesque scenes of demonstration against the Capitol organised by the president of the United States. Zhao Minghao from the Chongyang Institute spelled out the obvious in his analysis some time earlier: “the political farce by the incumbent president and some Republican lawmakers is reflecting the profound crisis on US domestic politics.” The Global Times is serving a hefty bill to the ideologies of liberal interventionism: “the ‘beacon of democracy’, and the beautiful rhetoric of ‘City upon a Hill’ [...]” are undergoing a serious debacle or in other words, a “Waterloo of US international image”. It will be a while before the US can “interfere in other countries’ domestic affairs with the excuse of ‘democracy’[...]”. Attention is also...