Vietnam was the United States’ 13th-largest trading partner last year, with bilateral trade increasing by more than 30%. Pictured: Vietnamese Prime Minister Nguyen Xuan Phuc addresses an Aug. 6 videoconference on the European Union-Vietnam Free Trade Agreement in Hanoi. (Photo: Nhac Nguyen/Agence France-Presse/Getty Images)
Anthony B. Kim researches international economic issues at The Heritage Foundation, with a strong focus on economic freedom. Kim is the research manager of the Index of Economic Freedom, the flagship product of the Heritage Foundation in partnership with The Wall Street Journal. Read his research.
A bill introduced in the US Congress would ban US government documents from referring to Xi Jinping, shown at a ceremony last month in Beijing for the BeiDou navigational satellite system, as China’s president. Photo: Xinhua
Wednesday, 19 August 2020 brusselstimes
US President Donald Trump told reporters on Tuesday that he had called off US – China trade deal negotiations.
“I don’t want to talk to them now,” Trump said. “If you know what they’ve done to this country and the world, I don’t want to talk to China just yet. So yes, I canceled the talks.”
Since Trump’s arrival at the White House in 2017, relations between Washington and Beijing have been tense.
Continue reading on CVD >>
Techno-nationalism: The US-China tech innovation race New challenges for markets, business and academia BY ALEX CAPRI RESEARCH FELLOW, HINRICH FOUNDATION, 20202
The US-China tech innovation race is challenging the laissez-faire economic model. State interventionism, techno-nationalism and US tech funding initiatives are increasing. This paper outlines the implications for markets, academia, research organizations, and governments of the US-China competition to achieve innovation advantage.
Bloomberg News August 17, 2020, 4:00 AM GMT+7 Updated on
Tensions rise as president highlights tough-on-China stances
Topics range from TikTok to Taiwan jet sales to Hong Kong
The almost daily drumbeat of tensions between the U.S. and China shows little sign of letting up, while touching on everything from the coronavirus to trade to defense issues to monetary policy.
President Donald Trump has made his tough positions on China a key element in the lead-up to the U.S. presidential election, now less than three months away, and he seems intent on keeping the pressure on.
Tensions have been mounting since the Covid-19 pandemic spread across the globe early this year. Barely a day goes by without Trump slamming what he calls a “plague” unleashed on the world by China in press briefings, Twitter and elsewhere.
Donald Trump speaks on Aug. 14.Photographer: Kevin Dietsch/UPI/Bloomberg
The hawks in Donald Trump’s administration are on the ascent. Do not expect the US to u-turn on this march towards a harsher stance on China, say Steven R Okun and James Green.
A WeChat logo is displayed on a mobile phone as a woman walks past as she talks on her mobile phone at a taxi rank in this picture taken on Jul 21, 2016. (Photo: REUTERS/Siphiwe Sibeko)
SINGAPORE: Last week’s suite of actions by the United States against WeChat and TikTok were among the most significant developments since March 2018 when US President Donald took formal action in retaliation for China’s unfair trade practices.
What a difference two months can make. In May, Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest chipmaker, lost the business of Huawei Technologies—its biggest Chinese customer and the source of 13% of its revenue—as a casualty of geopolitical jockeying between superpowers. But TSMC shareholders took the loss in stride. And by late July, after a stumble by rivalIntel, TSMC’s stock had risen almost 50% since May, making it one of the world’s 10 most valuable companies.
By Satu Limaye, East West Center
HONOLULU (29 July 2020)—In recent years, relations with Southeast Asia have emerged as an important pillar of US engagement with the Indo-Pacific region. The Association of Southeast Asian Nations (ASEAN) is central to US foreign policy in the region, with a growing focus on the five countries bound together by the Mekong River—Cambodia, Lao PDR, Myanmar, Thailand, and Vietnam.
Fishing boats are unloaded on Tonle Sap Lake, which is fed by the Mekong River in Cambodia. Conservationists warn that dam construction on the Mekong could threaten the food supply of more than 40 million people who rely on fish from the river as an important source of protein. Photo: Jason South/Fairfax Media/Getty Images.Continue reading on CVD >>
Republican senators line up in favor of Microsoft purchase
Mnuchin says Democratic leaders agree new approach needed
The Trump administration will announce measures shortly against “a broad array” of Chinese-owned software deemed to pose national-security risks, U.S. Secretary of State Michael Pompeo said.
The comments suggest a possible widening of U.S. measures beyond TikTok, the popular music-video app owned by ByteDance Ltd., one of China’s biggest tech companies. President Donald Trump told reporters Friday that he plans to ban TikTok from the U.S., but his decision hasn’t been announced. Pompeo signaled he expects a Trump announcement “shortly.” Chinese newspapers slammed a potential ban on TikTok.
The president continues to weigh his options and may have an answer Monday or Tuesday, Fox Business reported on Sunday evening.
Al JazeeraBeijing says move is a ‘legitimate and necessary response’ to Washington’s order to close Chinese consulate in Houston.30 minutes agoWang Wenbin says ‘malicious slander’ is behind US order to close Chinese consulate in Houston, Texas [Ng Han Guan/ AP Photo]
MORE ON US & CANADA
China has ordered the United States to close its consulate in the southwestern city of Chengdu, retaliating against Washington’s move earlier this week to shut down the Chinese consulate in the Texas city of Houston.
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Vietnam supports a comprehensive, fair and lasting solution to the conflict between Palestine and Israel through dialogues and negotiations, as well as the exercise of indisputable legal rights of Palestinians.
Ambassador Dang Dinh Quy, head of the Vietnamese Permanent Mission to the United Nations, made the reaffirmation at an online meeting of the UN Security Council (UNSC) on July 21 discussing the Middle East situation, including the recent Palestinian issue.
CHANGSHA, China — The United States has ordered China to close its consulate general in Houston “in order to protect American intellectual property and American’s private information,” State Department spokeswoman Morgan Ortagus said Wednesday.
Beijing vowed to retaliate, calling the order “an unprecedented escalation” in a broader conflict between the world’s two biggest economies, which now encompasses trade and technology, freedom of the press and religion, and the coronavirus and the race for a vaccine.
Vietnam needs to address environmental challenges to fully reap the benefits from its new free trade and investment agreements with the European Union. On 8 June, Vietnam’s National Assembly ratified the EU–Vietnam Free Trade Agreement and Investment Protection Agreement, following the European Parliament’s approval in February. Ratifying the agreement clears the path for Vietnam to expand exports to the potentially lucrative EU market and to attract more investment from the economic bloc.
US President Donald Trump told reporters on Tuesday that he had called off US – China trade deal negotiations.
“I don’t want to talk to them now,” Trump said. “If you know what they’ve done to this country and the world, I don’t want to talk to China just yet. So yes, I canceled the talks.”
Since Trump’s arrival at the White House in 2017, relations between Washington and Beijing have been tense.
Continue reading on CVD >>
![Wang Wenbin says 'malicious slander' is behind US order to close Chinese consulate in Houston, Texas [Ng Han Guan/ AP Photo]](https://www.aljazeera.com/mritems/imagecache/mbdxxlarge/mritems/Images/2020/7/24/a4e742b193d747f5b0ab15870a1ab14f_18.jpg "China orders closure of US consulate in Chengdu")
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