2018 marks the 40th anniversary of China's reform. Its opening up to the world created an economic miracle for this giant country and its people. This miracle has benefited Michigan through economic and cultural ties.

40 years after Deng Xiaoping initiated the country’s “reform and opening up,” a “Beijing Consensus” has yet to be articulated.

The China-Pakistan Economic Corridor (CPEC), a $62 billion China-funded ‘flagship project’ within China’s Belt and Road Initiative (BRI), is fast heading towards the closure of deals on ‘early harvest’ projects. With five energy projects commissioned and several more on course, these should help lift Pakistan’s economic output.

Are the US economy's fundamentals really that strong?

Any U.S. decision to restrict imports based on the argument that an abundance of low-priced raw materials from a diversity of sources somehow threatens national security would lower the bar so significantly as to invite every other member of the World Trade Organization to invoke national security to protect favored industries.

Both sides benefit from economic exchanges.

Despite the tensions between the two nations in both economic and geopolitical arenas, Washington and Beijing have generally recognized the mutual benefits of trade. This form of “controlled tension” has in the past been able to navigate the contours of various trade disputes. All that changed in 2016.

China’s Commerce Ministry has launched an anti-dumping and anti-subsidy investigation into American exports of sorghum, which is believed to be underpriced and damaging to Chinese farmers. This may result in the imposition of tariffs on sorghum imports from the U.S. The action appears to be retaliation against tariffs imposed by the U.S., and may result in a larger trade war.

Now that the White House seeks to turn China’s steel and aluminum overcapacity into a national security matter, America’s new protectionism risks international trade discord.

Trump risks the US Dollar for a trade war with China.