CNBC reports: The United States needs to make room for China as a rising military power in the Asia-Pacific region, even if a declining U.S. presence there reduces stability, according to an expert. Asia does not depend solely on the U.S. for security, but with the Chinese navy, army and air force growing in strength, a "far more multi-polar, unstable military environment" has resulted, said Robert Kaplan, senior advisor at consulting firm the Eurasia Group. Speaking at the Singapore Summit on Saturday, he said: "America is the only country that's active in Asia that does not have territorial ambition inside Asia. And it's therefore kind of a balancing, even stabilizing power."
- Bloomberg reports: Six weeks after African swine fever emerged in China, scientists are racing to pinpoint how the deadly pig virus entered the world's biggest pork market and spread between farms hundreds of miles apart.Finding answers is critical for stopping the further international spread of what Russian researchers consider the most dangerous swine disease. The virus has been reported in seven Chinese provinces since Aug. 1, causing the deaths of about 40,000 pigs and threatening major disruption of a $128 billion industry. It's also widened its grip on Europe, with the first cases in Belgium reported Sept. 13.With no vaccine to protect animals, researchers say the lethal virus -- which can survive for more than a year in dry-cured ham -- is likely to spread rapidly among China's 433 million pigs and reach other countries, potentially even the U.S.
CNBC reports: Ross said on "Squawk Box," regarding the expected move, that China is "out of bullets" to retaliate because its imports to the U.S. are nearly four times larger than the U.S. exports to China. "If China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports," Trump said in a statement.
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- CNBC Commerce Secretary Wilbur Ross: China is 'out of bullets' to retaliate against Trump's new tariffs
- The New York Times China Once Looked Tough on Trade. Now Its Options Are Dwindling.
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- Financial Times The US, China and the logic of trade confrontation
- Forbes Time To Buy China
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- Bloomberg Alibaba's Ma Warns U.S.-China Trade War Could Last 20 Years
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- Reuters Trump tariffs only a weak blow to China
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