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January 19 , 2018
  • CNN：Trump's defense strategy sees China and Russia as biggest threats
    CNN reports: "The Pentagon now sees China and Russia as 'the central challenge" facing the US military, according to the unclassified pages of the Trump administration's new National Defense Strategy.' Inter-state strategic competition, not terrorism, is now the primary concern in US national security," the document, which was made available to reporters Friday, says, adding 'long-term strategic competitions with China and Russia are the principal priorities for the Department.' Secretary of Defense James Mattis was due to unveil the main elements of the new strategy at Johns Hopkins' School of Advanced International Studies on Friday morning. President Donald Trump discussed the strategy with Mattis and senior military leaders during his Thursday visit to the Pentagon. The majority of the strategy is classified and will help drive budgetary decisions in the years ahead, with the document saying that the challenges from Russia and China 'require both increased and sustained investment' in defensive capabilities. During the unveiling of the strategy, Mattis took the opportunity to slam Congress for not providing adequate funding to the Department of Defense, saying the Budget Control Act and short-term continuing resolutions passed by Congress in recent years had done more to harm the readiness of the US military than any enemy in the field."
  • CNBC：Trump is 'determined to bite somebody, and China is the most likely target,' trade expert says
    CNBC reports: "A year after President Donald Trump took office, the United States' trade deficit with China looms larger than ever. Although both countries calculate the gap differently, the latest data from Beijing indicates a trade differential at a record high of $275.81 billion in 2017. That figure does not bode well for bilateral relations, which many expect to take a turn for the worse in 2018 after a year of relative inaction from Trump. 'The prevailing view in Washington now is that, this year, he is determined to bite somebody, and China is the most likely target,' William Reinsch, the former president of the National Foreign Trade Council, told CNBC. Trump himself told Reuters in an interview on Wednesday the U.S. was considering a big "fine" as part of a probe into China's alleged theft of intellectual property. Experts in China are also widely expecting trade tensions to ratchet up. Tu Guangshao, vice chairman and president of China Investment Corporation said he expects "trade friction," but not a 'serious trade war,' between the two major economies. 'The basic premise is that China-U.S. trade is not just benefits China, but in fact benefits the U.S. as well,' Tu told delegates at The Asian Financial Forum on Monday, according to transcriptions of his comments. Trump has consistently deemed trade with China unfair to America, but he's indicated that he had held back from further action as he sought Beijing's help in bringing North Korea's nuclear ambitions under control."
  • ChinaFile：What's Next for Commercial Diplomacy with China?
    ChinaFile comments: "As the chief commercial advocate for U.S. businesses in policymaking, the Department of Commerce plays a crucial role in the U.S.-China trade and economic relationship. In the 99th episode of the China in the World Podcast, Paul Haenle spoke with Penny Pritzker, the U.S. Secretary of Commerce under the Obama administration and founder and Chairman of PSP Capital, to discuss how the Department of Commerce impacts U.S. foreign policy. The economic presence of the United States and partnerships are a pillar of U.S. commercial policy abroad, Pritzer says, and walking away from the Trans-Pacific Partnership hurt U.S. economic and trade leverage in the Asia-Pacific that would have benefited the United States and the region at large. U.S. engagement in multilateral trade agreements are as important for the United States as participation in institutions such as the World Bank and International Monetary Fund, Pritzker says. She discusses her role in reforming the U.S.-China Joint Commission on Commerce and Trade to facilitate conversations on how to resolve challenging commercial issues in the U.S.-China relationship, such as excess capacity and market access. Transformations brought about by automation, technology, and artificial intelligence are one of the defining issues of the 21st century, Pritzker argues, and provide opportunities for the United States and China to work together and build institutions that ensure they can adapt to the rapid developments brought about by these changes."
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