U.S. President Donald #Trump said #TheresaMay 'didn't listen' to his ideas on how to negotiate #Brexit, and a second vote on EU membership would be 'very unfair to the people that won.' Trump gave the British prime minister 'my ideas how to negotiate' Brexit but 'she didn't listen to that and that’s fine, she has to do what she has to do. I think it could have been negotiated in a different manner. I hate to see everything being ripped apart right now.'


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Donald Trump: Theresa May ‘didn’t listen’ to me on Brexit
https://www.politico.eu/article/donald-trump-theresa-may-didnt-listen-to-me-on-brexit/

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#Huawei's future in #Germany has been the subject of speculation for months, due to the campaign waged by the US government against the Chinese company over concerns that the Chinese government will use the firm as a 'backdoor' for spying and other forms of #cyberespionage. Although the German government has already said it will not ban Huawei or any other company during the #5G process, its announcement of strict security requirements for the 5G auction has cast doubt over the extent to which network operators will ultimately be able to use Huawei equipment.

Compared with other Western nations, Germany has been less than amenable to the US pressure. Chinese-German trade was worth €180bn ($204bn) in 2017, according to the MIT Observatory of Economic Complexity. Almost 50% of that figure was in machines and hi-tech equipment. It's a trading and investment relationship that neither Beijing nor Berlin wants to tread clumsily on, especially given that there has already been significant recent turbulence over Chinese investment in German firms, and their possible acquisition of German intellectual property.


#WorldEconomy #Economy #Geopolitics #Diplomacy #Politics #ForeignPolicy #InternationalRelations #ForeignRelations #EconomicRelations #EconomicCooperation #ChineseCompanies #TechCompanies
Huawei and Germany: 5G relationship status is complicated
https://www.dw.com/en/huawei-and-germany-5g-relationship-status-is-complicated/a-47964044

Chinese President #XiJinping will visit #Italy and #France next week amid a #EuropeanUnion firestorm over the dangers of rapidly growing Chinese trade and investments - particularly regarding next-generation telecom technology - and intensifying divisions among its members about how to deal with them.

After months of study, the #EuropeanCommission released its 'EU-China: Strategic Outlook,' included the clearest and toughest language yet toward #China in an #EU document. After years of a more benign approach to Beijing, it branded China as 'an economic competitor in the pursuit of technological leadership, and a systemic rival promoting alternative models of governance.' The challenge is that China for some time has executed a clear plan that has put #Europe increasingly at the heart of its global political and #economicstrategy while Europe has lacked any unified policy of approach of its own.


#WorldEconomy #Economy #Geopolitics #Diplomacy #Politics #ForeignPolicy #InternationalRelations #ForeignRelations #EconomicRelations #EconomicCooperation
Europe turns its concerns to China’s growing clout as Xi visits
https://www.cnbc.com/2019/03/15/europe-turns-its-concerns-to-chinas-growing-clout-as-xi-visits.html

#China and the #EuropeanUnion (EU) share a 10-point consensus including their support for #multilateralism and an open world economy, Chinese State Councilor and Foreign Minister #WangYi said in Brussels on Monday (Mar 18), calling cooperation the 'mainstream' in China-EU relations. Wang made the remarks during a joint press conference with EU's foreign and security policy chief #FedericaMogherini after attending the ninth round of the China-EU high-level strategic dialogue.

Describing Wang as her 'good friend,' Mogherini hailed cooperation between the #EU and China in maintaining multilateralism, fighting climate change and supporting the Iran nuclear deal. Brussels and Beijing are trying to identify areas for bilateral cooperation as 'global powers' on the international stage, she noted, adding that 'competition is only normal' between the two giant economies.


#WorldEconomy #Economy #Geopolitics #Diplomacy #Politics #ForeignPolicy #InternationalRelations #ForeignRelations #EconomicRelations #EconomicCooperation
Wang Yi highlights 10-point consensus between China, EU
https://news.cgtn.com/news/3d3d674e7851444e33457a6333566d54/index.html

Someone needs to tell Donald #Trump 'it’s trade, stupid' and draw his attention to the dangerous slowdown in global commerce caused by his trade war. Much damage already has been done. Even in the highly unlikely event that Trump were to call off his belligerence, the damage will sill be felt. #Economicslowdown has gained a momentum of its own irrespective of what Trump does now. He and others are deluded in clinging to the idea of rapid recovery once the #WhiteHouse ends hostilities.

It is worth quoting the OECD directly just for the benefit of those - from the Trump White House to the New York Stock Exchange - who clearly have not received the message: 'Continued uncertainty about trade policies remains a significant source of downside risk to global investment, jobs and living standards. Even if the #US and #China conclude a #tradeagreement in the near term, risks remain that other restrictive measures could be implemented in 2019 - new restrictions in specific trade-sensitive sectors such as cars and car parts.'


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It’s about time someone yells ‘It’s trade, stupid’ to Trump’s trade negotiators and enlighten them on the folly of their errors
https://www.scmp.com/business/china-business/article/3002009/its-about-time-someone-yells-its-trade-stupid-trumps-trade

Rather like fighting over the usual suspects in trade disputes, from soybeans to steel, these are also only symptoms of a much broader competition for supremacy. The real cold war now playing out is the #technologywar. That won't be fixed by any possible deal between #Trump and #XiJinping this month nor even a new president in the White House after 2020. Instead, Niall Ferguson maintains 'winter is coming' with the struggle focused on who can win in #artificialintelligence. For #Australia, that will inevitably mean dealing with increasing tensions and potential conflict between its main security partner and its main trading partner.

Keyu Jin, one of the supremely well-connected and well-educated younger Chinese elite and now a professor of economics at the London School of Economics, argues that #China does not want conflict although she agrees China will increasingly want to reduce #US influence in the region and that countries involved will have to make a choice. She also believes in a long-term struggle for #technology supremacy between China and the US, with Trump as symptom rather than cause. Not only that, she argues the tit-for-tat trade war helps China because it gives the country more time to build tech strengths.


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'Winter is coming': The new cold war is over technology
https://www.afr.com/news/economy/winter-is-coming-the-new-cold-war-is-over-technology-20190305-h1c0vv

Although much remains unsettled, one thing is becoming clear: The #Trumpadministration will continue to hold the threat of tariffs over Beijing to ensure that it lives up to whatever commitments it agrees to in the final deal. That approach is prompting concern among #Americanbusinesses that the economic damage and uncertainty caused by President Trump’s #tradewar could persist even once negotiations are resolved.

A report commissioned by the nation’s biggest business lobbying group showed that the Trump administration’s tariffs are actually damaging an industry the levies were intended to protect. The report, by the U.S. Chamber of Commerce and the Rhodium Group said that Mr. #Trump’s tariffs on $250bn worth of Chinese goods were eroding the competitiveness of the America #informationtechnology sector


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Trade Fight With China Enters Overtime, With Tariffs a Costly Sticking Point
https://www.nytimes.com/2019/03/17/business/trade-war-china-tariffs.html