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SAGE Exclusive Speaker Richard McGregor has been awarded the 2018 Prime Minister’s Literary Award for the best Non-Fiction book, for his book Asia’s Reckoning.
In the Bush administration we tried to have those conversations and the Chinese were very reluctant to engage. They didn’t want to be perceived as doing secret planning with the United States about the collapse of the regime because they thought it would make the situation worse. But I think they’re probably more willing to have those conversations today.
The concern about Chinese economic policy and practices is serious and real but the question is how you deal with it. Unilateral trade enforcement mechanisms are not going to do it. You need systemic tools that shape the economic environment around China in order to reshape their incentives.
While the future of Iran and US-Iran relations is unpredictable, it must be similarly emphasized that there are no quick solutions. History has shown that Iran relents when it faces international unity and is divided domestically.
What you’re seeing is a fundamental split and fracture in the Republican party that we’ve known has existed for some time, but is now being played out in a very public way, and being played out in elections that really do matter and have policy consequences for the last 2 years of President Trump’s administration, at least for his first term.
Max Baucus: Flynn Fingers Trump Team - 4th Dec
Listen to the Bloomberg podcast featuring SAGE speaker Max Baucus discussing US tax overhaul and Michael Flynn pleading guilty to lying to federal agents.
China may be mistaken in thinking it had done enough to address U.S. concerns, and Trump could find people disappointed at home he didn’t make more progress on items like market access and North Korea.
One of the risks I think on this particular trip is that you’ll see the warm atmosphere, you’ll see the large number of business deals, but the more fundamental structural and urgent issues, if they’re not addressed in some way during this trip, I worry frankly that you’re going to begin to see in the US a hardening of US policy towards China.
I am not surprised with Trump’s comments on specific industries. It’s the aggressive way he is trying to get jobs back to the US. If you look at his campaign, the focus was on jobs and wages. Whether it makes sense from an academic trade perspective is completely irrelevant in the Trump calculus. He’s continuing to discuss jobs and wages in manufacturing.
The President is a huge part of this. The President has to be the one to lead the effort on tax reform there’s just no way around it. The legislative leaders can get some way down the field, but the only way they get across the goal line is if the President is engaged.