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Donald Trump: "We Liberals Looked Away for Far Too Long" | ZEIT ONLINE
Keywords: Inequality, Liberals,
This is an interview with Columbia University economic historian Adam Tooze about the international trade and economic issues brought about by globalization. The rapid emergence of China in manufacturing and overcapacity in steel has led to action on steel tariffs by president Trump. Tooze is typical of opinion that sees action by Trump not as limited action to level the playing field as proposed by Trade Representative for the U.S., Robert Lighthizer, but as reckless move on trade.
Lyrarc.com shows articles from the WSJ and NYT showing how opinion got to this point in the U.S., on Robert Lighthizer's views that the U.S. was not facing a level playing field, and on how trade has hurt communities across the U.S. a long distance away from Silicon Valley. President Trump's views reflect a different perspective that says the U.S. has to balance the favorable situation obtained by China and the European Union through moves of its own to protect U.S. interests. Political commentary that the U.S. was starting a trade war is not supported by the facts showing China's response as muted and a willingness by China to negotiate a balanced trading relationship as its trade surplus with the U.S. continues to grow. The trade surplus is so large that the Trump moves do not tell the real story. They are likely to be overshadowed by the increasing value of the U.S. dollar leading to a continued favorable situation for Chinese exports and a larger trade surplus in 2018, regardless of Mr. Trump's action.
Trump's moves are more significant in other areas- limiting China's access to advanced technologies, with the European Union also taking the same action. This is now the new field of competition for the major world economies.
Robert Lighthizer, U.S. Trade Representative and renegotiating the NAFTA Treaty in 2017-2018
05/19/2017
Grouped Articles
Trump Sends Nafta Renegotiation Notice to Congress
The New York Times 05/18/2017
For Amazon, Now Comes the Hard Part
WSJ 06/18/2017
U.S., Canada and Mexico Wrap Up Nafta First Round
WSJ 08/21/2017
Lighthizer’s Economics Deficit
WSJ 08/21/2017
How the Trump Administration Is Doing Renegotiating Nafta
The New York Times 09/28/2017
Donald Trump: "We Liberals Looked Away for Far Too Long" | ZEIT ONLINE
ZEIT ONLINE 03/22/2018
President Trump's 25% tariff on steel in 2018
03/08/2018
Grouped Articles
E.U. Pledges to Fight Back on Trump Tariffs as Trade War Looms
The New York Times 03/07/2018
Cohn’s Departure Widens Policy Rift Between Party and President
The New York Times 03/07/2018
Perspective | We know what bad trade policy looks like. But what about good trade policy?
Washington Post 03/07/2018
Trump’s Looming Trade War Has Asian Allies Seeking Peace
WSJ 03/06/2018
White House Prepares to Formalize Tariffs but Floats Exemptions
The New York Times 03/07/2018
The U.S. Wants to Take On China With Trade. The Rest of the World Will Be Caught in the Middle.
03/06/2018
Canada, Mexico and president Trump's 25% tariff on steel in 2018
03/08/2018
Grouped Articles
White House Prepares to Formalize Tariffs but Floats Exemptions
The New York Times 03/07/2018
The U.S. Wants to Take On China With Trade. The Rest of the World Will Be Caught in the Middle.
03/06/2018
DW.COM 03/07/2018
US will temporarily exempt Canada and Mexico from tariffs: report | News | DW | 08.03.2018
DW.COM 03/08/2018
Donald Trump: "We Liberals Looked Away for Far Too Long" | ZEIT ONLINE
ZEIT ONLINE 03/22/2018
U.S. Tariffs Prompt Anger, Retaliation From Trade Allies
WSJ 05/31/2018
The EU response to President Trump's 25% tariff on steel in 2018
03/08/2018
Grouped Articles
E.U. Pledges to Fight Back on Trump Tariffs as Trade War Looms
The New York Times 03/07/2018
The U.S. Wants to Take On China With Trade. The Rest of the World Will Be Caught in the Middle.
03/06/2018
EU Raises Pressure on Trump to Drop Tariff Plan
WSJ 03/07/2018
DW.COM 03/07/2018
DW.COM 03/07/2018
03/08/2018
Views on globalization- Trump for the U.S. and Jinping for China
02/06/2017
China sees globalization within the context of pursuing its own interests, Trump's trade policies are similar in this respect.
Grouped Articles
On Globalization, China and Trump Are Closer Than They Appear
WSJ 01/27/2017
China Takes Heat on Trade, but Germany’s Power Continues to Grow
WSJ 03/05/2017
03/07/2017
Germany to take legal action if Trump taxes imports | Business | DW.COM | 17.03.2017
DW.COM 03/17/2017
Mnuchin Says U.S. Is Seeking to Avoid Trade Wars
WSJ 03/16/2017
Trump and Xi’s First Meeting: How Long Will the Cordiality Last?
The New York Times 04/06/2017
Germany's trade surplus at 8.5% of GDP looms larger than China's trade surplus of 3% of GDP in 2016, yet focus is on Mexico, South Korea and China for unfair trade practices
03/06/2017
Grouped Articles
China Takes Heat on Trade, but Germany’s Power Continues to Grow
WSJ 03/05/2017
Merkel and Trump begin key talks at White House - BBC News
BBC News 03/17/2017
Germany to take legal action if Trump taxes imports | Business | DW.COM | 17.03.2017
DW.COM 03/17/2017
U.S. Breaks With Allies Over Trade Issues Amid Trump’s ‘America First’ Vows
The New York Times 03/18/2017
Trump Says China Will Get Better Trade Deal if It Solves ‘North Korean Problem’
The New York Times 04/11/2017
Donald Trump’s Recent Policy Reversals Reflect Business Influence
WSJ 04/14/2017
China's trade surplus
05/10/2012
Grouped Articles
Chinese Trade Surplus Rose Sharply in April
Wall Street Journal 05/10/2012
More Wealth, More Jobs, but Not for Everyone: What Fuels the Backlash on Trade
The New York Times 09/28/2016
Xi Jinping signals China will champion free trade if Trump builds barriers
The Guardian 01/17/2017
China Takes Heat on Trade, but Germany’s Power Continues to Grow
WSJ 03/05/2017
Trump Says China Will Get Better Trade Deal if It Solves ‘North Korean Problem’
The New York Times 04/11/2017
Donald Trump’s Recent Policy Reversals Reflect Business Influence
WSJ 04/14/2017
U.S. trade with China in 2000-2011 and the impact on cities and counties in the U.S.
09/25/2010
Three American researchers have completed a study on the impact of U.S. trade in the decade 2000-2011 with China, a period of exceptionally high growth of about 12% in China and a surge in imports into the U.S. The study shows counties in the 75th percentile in import levels experienced a surge in unemployment and government payments to support the unemployed. Nobel Prize winner Michael Spence points out this was an exceptional period and no theory in textbooks can account for the changes taking place because the growth rate in China was unprecedented.
Grouped Articles
Tallying the Toll of U.S.-China Trade
Wall Street Journal 09/27/2011
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
Wall Street Journal 10/02/2010
In Tepid Wage Growth, a Potent Sign of a Still-Fragile Economy
New York Times 05/05/2014
U.S. Trade Gap Widens on Surging Imports
Wall Street Journal 05/06/2015
Campaign Season’s Anti-China Tone Is Likely to Cloud Meeting With Obama
New York Times 03/30/2016
Mexico-China trade tensions
06/21/2011
Grouped Articles
Mexico and China look to trade away old rivalry - The Washington Post
Washington Post 04/18/2013
Mexico, China Seek to Jump-Start Trade
Wall Street Journal 06/04/2013
As Ties With China Unravel, U.S. Companies Head to Mexico
New York Times 05/31/2014
China Plan Raises Ire in Mexico
Wall Street Journal 01/17/2013
No Appreciation for the Rising Yuan
Wall Street Journal 06/21/2011
China takes the driver's seat on free trade | Asia | DW.COM | 21.11.2016
DW.COM 11/21/2016
Global trade issues in 2010.
01/14/2009
The currency issues for the strong yen and the reluctance of China to revalue its currency.
Grouped Articles
Wall Street Journal 10/04/2011
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/2010
Economist 01/15/2009
When Everybody Exports, Nobody Wins
BusinessWeek 09/16/2010
Wall Street Journal 10/02/2010
Yuan Revaluation for China's Own Sake
Wall Street Journal 10/02/2010
Frankly Speaking on the great recession, the dollar and trade deficits 2009-2012
10/14/2009
Peter Morici of the University of Maryland and others express their view in 2009 on what needs to happen. The dollar Morici says needs to be devalued 40-50% against the yuan. He says that while China talks about an alternative reserve currency, it is part of the problem. And the crisis was caused by the U.S. demand that was inflated by the cheap yuan and then collapsed, says Morici.
Grouped Articles
Wall Street Journal 10/04/2011
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/2010
An Accord (and Lessons) to Remember
Wall Street Journal 09/21/2010
Cheaper Chinese Currency Has Global Impact
Wall Street Journal 08/12/2015
China Takes a Smoother Path to Currency Devaluation
Wall Street Journal 11/25/2015
Peter Morici: Behind the Dollar's Dog Days
BusinessWeek 10/15/2009
U.S. and China- Trade Wars.
12/30/2009
American action against products from China that are dumped on the U.S. market. The unervalued Chinese currency and subsidized exports.
Grouped Articles
Wall Street Journal 10/04/2011
Economist 03/31/2010
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/2010
How China Lost Its Mojo: One Town's Story
Wall Street Journal 09/16/2013
An Accord (and Lessons) to Remember
Wall Street Journal 09/21/2010
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
Expert opinion on the appreciation of the yuan.
03/29/2010
One view from Yale University is that an appreciation of China's currency will not have alarge impact on American jobs, which is the opposite of what is generally thought.
Grouped Articles
Wall Street Journal 10/04/2011
Wall Street Journal 03/29/2010
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/2010
The Long View of Changes in Chinaâs Currency
New York Times 09/21/2010
An Accord (and Lessons) to Remember
Wall Street Journal 09/21/2010
China's Dangerous Overvaluation
Wall Street Journal 02/26/2014
Robert Lighthizer and other experts call for trade and globalization practices that work for the U.S.
01/06/2010
The failure of the establishment of both parties in the USA to take action in the face of the loss of 5.6 million jobs in the last decade, with $4.3 trillion in trade imbalances. An issue which resonates with voters in the US and could lead to a fundamental realignent of American attitudes to globalization and free trade. The feeling that the free-trade deck is stacked against the USA by Asian countries. China's efforts to keep the yuan dollar exchange rate at levels that favor exports. China's accumulation of over $3 trillion in dollar reserves that are parked mostly in Treasury's that keep U.S. interests low. Distortons in the global economy from the failure to rebalance the world economy hurts China and the U.S.
Grouped Articles
Wall Street Journal 10/04/2011
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
New York Times 09/30/2010
Wall Street Journal 10/02/2010
The Engine That Pulled Us Out of Recession
Wall Street Journal 03/19/2015
What’s Our Duty to the People Globalization Leaves Behind?
New York Times 01/26/2016
Free trade, global competition and the Trump 25% steel tariff in 2018
03/08/2018
Grouped Articles
Perspective | We know what bad trade policy looks like. But what about good trade policy?
Washington Post 03/07/2018
Gary Cohn is latest Goldman Sachs alum to ill-serve America
CNN 03/08/2018
The rules-based system is in grave danger
The Economist 03/09/2018
Donald Trump imposes levies on metal imports
The Economist 03/09/2018
Donald Trump: "We Liberals Looked Away for Far Too Long" | ZEIT ONLINE
ZEIT ONLINE 03/22/2018
The U.S. steel industry after the Trump 25% tariff plan in 2018
03/08/2018
Grouped Articles
Some Steel and Aluminum Makers to Restart Plant Operations Amid Tariff Plans
WSJ 03/07/2018
Donald Trump: "We Liberals Looked Away for Far Too Long" | ZEIT ONLINE
ZEIT ONLINE 03/22/2018
U.S. president Trump and trade relations with China
12/12/2016
Grouped Articles
Trump Suggests Using Bedrock China Policy as Bargaining Chip
The New York Times 12/11/2016
How Donald Trump May Actually Widen the U.S. Trade Deficit
WSJ 12/12/2016
Donald Trump Chooses Exxon Mobil CEO Rex Tillerson as Secretary of State
WSJ 12/13/2016
Taiwan Is Both Exhilarated and Unnerved by Trump’s China Remarks
The New York Times 12/15/2016
Aging Population, Stagnant Productivity Challenge Donald Trump’s Growth Plan
WSJ 12/04/2016
Germany's Merkel to warn Trump about dangers of protectionism | News | DW.COM | 14.01.2017
DW.COM 01/14/2017
The U.S. election campaigns in 2016 and U.S.-China relations
03/30/2016
The U.S. election campaign with Clinton and Trump taking strong positions on China, is affecting the outlook for U.S.- China relations. In the background are other issues in addition to the trade deficit- the South China Sea, and cyber espionage which have led to a tense relationship.
Grouped Articles
Campaign Season’s Anti-China Tone Is Likely to Cloud Meeting With Obama
New York Times 03/30/2016
How China’s fishermen are fighting a covert war in the South China Sea - The Washington Post
Washington Post 04/13/2016
More Wealth, More Jobs, but Not for Everyone: What Fuels the Backlash on Trade
The New York Times 09/28/2016
Why the US fears Russia is hacking its presidential election - BBC News
BBC News 10/11/2016
Bob Dole Worked Behind the Scenes on Trump-Taiwan Call
The New York Times 12/06/2016
Trump Suggests Using Bedrock China Policy as Bargaining Chip
The New York Times 12/11/2016
China's Trade Balance
03/10/2011
Every $1 increase in oil prices reduces China's trade deficit by $1.9 billion, according to one estimate. China had a trade deficit in February 2011. This reduces the pressures on the yuan. See the IMF forecast on China's shrinking trade surplus in 2011-2014.
Grouped Articles
Wall Street Journal 10/04/2011
China Logs Surprise Trade Deficit
Wall Street Journal 03/10/2011
China’s $3 trillion dilemma: What to do with all that cash? - The Washington Post
Washington Post 04/19/2011
No Appreciation for the Rising Yuan
Wall Street Journal 06/21/2011
Pressure Grows on China to Spur Domestic Consumption
Wall Street Journal 08/07/2011
Tallying the Toll of U.S.-China Trade
Wall Street Journal 09/27/2011
Currency issues and U.S.-China trade.
01/23/2009
Trade between the USA and China and currency issues. Obama administration's efforts to address currency issues and fair trade issues with other countries.
Grouped Articles
Wall Street Journal 10/04/2011
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/2010
The Long View of Changes in Chinaâs Currency
New York Times 09/21/2010
An Accord (and Lessons) to Remember
Wall Street Journal 09/21/2010
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
Obama Promotes Benefits of Trade Deals to Workers and Smaller Businesses
New York Times 02/26/2015
American public opinion on China, jobs and U.S.-China trade.
09/25/2010
Grouped Articles
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
Wall Street Journal 10/02/2010
China Pumps Up the Volume Against Japan
Wall Street Journal 02/08/2014
Xi Gives America Inc. a Reality Check
Wall Street Journal 09/22/2015
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/2016
Campaign Season’s Anti-China Tone Is Likely to Cloud Meeting With Obama
New York Times 03/30/2016
The role of China's currency, the yuan, in international trade- 2014-2016
03/25/2015
Grouped Articles
Yuan Faces International Trade Headwinds
Wall Street Journal 03/25/2015
Wall Street Journal 09/01/2015
Japanese Deflation Threat Hangs Over China
Wall Street Journal 11/20/2015
IMF Lifts Chinese Yuan to Elite Lending-Reserve Currency Status
Wall Street Journal 11/30/2015
China Steps Up, but Its Currency Still Has Dues to Pay
New York Times 12/05/2015
China’s Renminbi Declines After Being Named a Global Currency, Posing Challenges
New York Times 12/18/2015
2012 U.S. presidential candidate Mitt Romney's position on trade with China and the misalignment of its currency
09/25/2010
Grouped Articles
Wall Street Journal 10/04/2011
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
Romney: China must respect the free-trade system - The Washington Post
Washington Post 10/14/2011
New York Times 10/15/2011
Play of the Week: The Business of America Is....;Job Cuts?
Wall Street Journal 12/24/2011
Romney Ekes Past Santorum to Win Iowa
Wall Street Journal 01/04/2012
Currency issues- China in 2010-2013 and Japan during the period of the Plaza Accord in 1985
09/21/2010
Grouped Articles
An Accord (and Lessons) to Remember
Wall Street Journal 09/21/2010
Japanese Deflation Threat Hangs Over China
Wall Street Journal 11/20/2015
Donald Trump: "We Liberals Looked Away for Far Too Long" | ZEIT ONLINE
ZEIT ONLINE 03/22/2018
China's current account surplus
04/11/2012
Grouped Articles
IMF to Shift Its View of China's Trade Surplus
Wall Street Journal 04/11/2012
Xi Jinping signals China will champion free trade if Trump builds barriers
The Guardian 01/17/2017
Donald Trump’s Recent Policy Reversals Reflect Business Influence
WSJ 04/14/2017
Donald Trump: "We Liberals Looked Away for Far Too Long" | ZEIT ONLINE
ZEIT ONLINE 03/22/2018
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