Joe Biden elected the 46th President of the United States
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Baby Leone
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to become a president he is coming up to the terms of US deep state.....
forget what people think and what they said to get votes.
welcome to free democracy
forget what people think and what they said to get votes.
welcome to free democracy
BHAN85
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American treating Israel as a puppet vassal state, using Israeli people blood to achieve geopolitic interests, nothing new.
By the other side, Biden is the better president to protect CHINA interests.
Sorry for American people, they lost a great opportunity to be a decent country. USA elite is a like a crackwh*re, she can't avoid be a sl*t, she was a good girl with Trump along 4 years, but that it's finished.
By the other side, Biden is the better president to protect CHINA interests.
Sorry for American people, they lost a great opportunity to be a decent country. USA elite is a like a crackwh*re, she can't avoid be a sl*t, she was a good girl with Trump along 4 years, but that it's finished.
Taimoor Khan
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This guy voted against sanctioning India in US senate right after India first nuclear test called "smiling Buddha" back in 1974.
This old f@rt is the face of American deep state. Anyone who expect any good come out of him is living in fools paradise.
Trump on the other hand is a lose cannon which fires in all directions, including American deep state. I will have him over Biden any day.
This old f@rt is the face of American deep state. Anyone who expect any good come out of him is living in fools paradise.
Trump on the other hand is a lose cannon which fires in all directions, including American deep state. I will have him over Biden any day.
Mista
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Even with a new president and political party soon in charge of the White House, the nation’s economic standoff continues. Notwithstanding President-elect Joe Biden’s solid popular vote victory, last week’s election failed to deliver the kind of transformative reorientation of the nation’s political-economic map that Democrats (and some Republicans) had hoped for. The data confirms that the election sharpened the striking geographic divide between red and blue America, instead of dispelling it.
Most notably, the stark economic rift that Brookings Metro documented after Donald Trump’s shocking 2016 victory has grown even wider. In 2016, we wrote that the 2,584 counties that Trump won generated just 36% of the country’s economic output, whereas the 472 counties Hillary Clinton carried equated to almost two-thirds of the nation’s aggregate economy.
A similar analysis for last week’s election shows these trends continuing, albeit with a different political outcome. This time, Biden’s winning base in 477 counties encompasses fully 70% of America’s economic activity, while Trump’s losing base of 2,497 counties represents just 29% of the economy. (Votes are still outstanding in 110 mostly low-output counties, and this piece will be updated as new data is reported.)
Note: 2020 figures reflect unofficial results from 96% of counties
Source: Brookings analysis of data from the Bureau of Economic Analysis, Dave Leip’s Atlas of U.S. Presidential Elections, The New York Times, and Moody’s Analytics
So, while the election’s winner may have changed, the nation’s economic geography remains rigidly divided. Biden captured virtually all of the counties with the biggest economies in the country (depicted by the largest blue tiles in the nearby graphic), including flipping the few that Clinton did not win in 2016.
By contrast, Trump won thousands of counties in small-town and rural communities with correspondingly tiny economies (depicted by the red tiles). Biden’s counties tended to be far more diverse, educated, and white-collar professional, with their aggregate nonwhite and college-educated shares of the economy running to 35% and 36%, respectively, compared to 16% and 25% in counties that voted for Trump.
In short, 2020’s map continues to reflect a striking split between the large, dense, metropolitan counties that voted Democratic and the mostly exurban, small-town, or rural counties that voted Republican. Blue and red America reflect two very different economies: one oriented to diverse, often college-educated workers in professional and digital services occupations, and the other whiter, less-educated, and more dependent on “traditional” industries.
With that said, it would be wrong to describe this as a completely static map. While the metropolitan/ nonmetropolitan dichotomy remained starkly persistent, 2020 election returns produced nontrivial movement, as Biden added modestly to the Democrats’ metropolitan base and significantly to its vote base. Most notably, Biden flipped seven of the nation’s 100 highest-output counties, strengthening the link between these core economic hubs and the Democratic Party. More specifically, Biden flipped half of the 10 most economically significant counties Trump won in 2016, including Phoenix’s Maricopa County; Dallas-Fort Worth’s Tarrant County; Jacksonville, Fla.’s Duval County; Morris County in New Jersey; and Tampa-St. Petersburg, Fla.’s Pinellas County.
Altogether, those losses shaved about 3 percentage points’ worth of GDP off the economic base of Trump counties. That reduced the share of the nation’s GDP produced by Republican-voting counties to a new low in recent times.
Why does this matter? This economic rift that persists in dividing the nation is a problem because it underscores the near-certainty of both continued clashes between the political parties and continued alienation and misunderstandings.
To start with, the 2020’s sharpened economic divide forecasts gridlock in Congress and between the White House and Senate on the most important issues of economic policy. The problem—as we have witnessed over the past decade and are likely to continue seeing—is not only that Democrats and Republicans disagree on issues of culture, identity, and power, but that they represent radically different swaths of the economy. Democrats represent voters who overwhelmingly reside in the nation’s diverse economic centers, and thus tend to prioritize housing affordability, an improved social safety net, transportation infrastructure, and racial justice. Jobs in blue America also disproportionately rely on national R&D investment, technology leadership, and services exports.
By contrast, Republicans represent an economic base situated in the nation’s struggling small towns and rural areas. Prosperity there remains out of reach for many, and the party sees no reason to consider the priorities and needs of the nation’s metropolitan centers. That is not a scenario for economic consensus or achievement.
At the same time, the results from last week’s election likely underscore fundamental problems of economic alienation and estrangement. Specifically, Trump’s anti-establishment appeal suggests that a sizable portion of the country continues to feel little connection to the nation’s core economic enterprises, and chose to channel that animosity into a candidate who promised not to build up all parts of the country, but rather to vilify groups who didn’t resemble his base.
If this pattern continues—with one party aiming to confront the challenges at top of mind for a majority of Americans, and the other continuing to stoke the hostility and indignation held by a significant minority—it will be a recipe not only for more gridlock and ineffective governance, but also for economic harm to nearly all people and places. In light of the desperate need for a broad, historic recovery from the economic damage of the COVID-19 pandemic, a continuation of the patterns we’ve seen play out over the past decade would be a particularly unsustainable situation for Americans in communities of all sizes.
www.brookings.edu
Most notably, the stark economic rift that Brookings Metro documented after Donald Trump’s shocking 2016 victory has grown even wider. In 2016, we wrote that the 2,584 counties that Trump won generated just 36% of the country’s economic output, whereas the 472 counties Hillary Clinton carried equated to almost two-thirds of the nation’s aggregate economy.
A similar analysis for last week’s election shows these trends continuing, albeit with a different political outcome. This time, Biden’s winning base in 477 counties encompasses fully 70% of America’s economic activity, while Trump’s losing base of 2,497 counties represents just 29% of the economy. (Votes are still outstanding in 110 mostly low-output counties, and this piece will be updated as new data is reported.)
Note: 2020 figures reflect unofficial results from 96% of counties
Source: Brookings analysis of data from the Bureau of Economic Analysis, Dave Leip’s Atlas of U.S. Presidential Elections, The New York Times, and Moody’s Analytics
So, while the election’s winner may have changed, the nation’s economic geography remains rigidly divided. Biden captured virtually all of the counties with the biggest economies in the country (depicted by the largest blue tiles in the nearby graphic), including flipping the few that Clinton did not win in 2016.
By contrast, Trump won thousands of counties in small-town and rural communities with correspondingly tiny economies (depicted by the red tiles). Biden’s counties tended to be far more diverse, educated, and white-collar professional, with their aggregate nonwhite and college-educated shares of the economy running to 35% and 36%, respectively, compared to 16% and 25% in counties that voted for Trump.
In short, 2020’s map continues to reflect a striking split between the large, dense, metropolitan counties that voted Democratic and the mostly exurban, small-town, or rural counties that voted Republican. Blue and red America reflect two very different economies: one oriented to diverse, often college-educated workers in professional and digital services occupations, and the other whiter, less-educated, and more dependent on “traditional” industries.
With that said, it would be wrong to describe this as a completely static map. While the metropolitan/ nonmetropolitan dichotomy remained starkly persistent, 2020 election returns produced nontrivial movement, as Biden added modestly to the Democrats’ metropolitan base and significantly to its vote base. Most notably, Biden flipped seven of the nation’s 100 highest-output counties, strengthening the link between these core economic hubs and the Democratic Party. More specifically, Biden flipped half of the 10 most economically significant counties Trump won in 2016, including Phoenix’s Maricopa County; Dallas-Fort Worth’s Tarrant County; Jacksonville, Fla.’s Duval County; Morris County in New Jersey; and Tampa-St. Petersburg, Fla.’s Pinellas County.
Altogether, those losses shaved about 3 percentage points’ worth of GDP off the economic base of Trump counties. That reduced the share of the nation’s GDP produced by Republican-voting counties to a new low in recent times.
Why does this matter? This economic rift that persists in dividing the nation is a problem because it underscores the near-certainty of both continued clashes between the political parties and continued alienation and misunderstandings.
To start with, the 2020’s sharpened economic divide forecasts gridlock in Congress and between the White House and Senate on the most important issues of economic policy. The problem—as we have witnessed over the past decade and are likely to continue seeing—is not only that Democrats and Republicans disagree on issues of culture, identity, and power, but that they represent radically different swaths of the economy. Democrats represent voters who overwhelmingly reside in the nation’s diverse economic centers, and thus tend to prioritize housing affordability, an improved social safety net, transportation infrastructure, and racial justice. Jobs in blue America also disproportionately rely on national R&D investment, technology leadership, and services exports.
By contrast, Republicans represent an economic base situated in the nation’s struggling small towns and rural areas. Prosperity there remains out of reach for many, and the party sees no reason to consider the priorities and needs of the nation’s metropolitan centers. That is not a scenario for economic consensus or achievement.
At the same time, the results from last week’s election likely underscore fundamental problems of economic alienation and estrangement. Specifically, Trump’s anti-establishment appeal suggests that a sizable portion of the country continues to feel little connection to the nation’s core economic enterprises, and chose to channel that animosity into a candidate who promised not to build up all parts of the country, but rather to vilify groups who didn’t resemble his base.
If this pattern continues—with one party aiming to confront the challenges at top of mind for a majority of Americans, and the other continuing to stoke the hostility and indignation held by a significant minority—it will be a recipe not only for more gridlock and ineffective governance, but also for economic harm to nearly all people and places. In light of the desperate need for a broad, historic recovery from the economic damage of the COVID-19 pandemic, a continuation of the patterns we’ve seen play out over the past decade would be a particularly unsustainable situation for Americans in communities of all sizes.
Biden-voting counties equal 70% of America's economy. What does this mean for the nation's political-economic divide? | Brookings
This economic rift that persists in dividing the nation is a problem because it underscores the near-certainty of both continued clashes between the political parties and continued alienation and misunderstandings.
www.brookings.edu
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beijingwalker
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US should encourage China's rise, Biden national security pick Jake Sullivan says
Sullivan served as an adviser to Biden during his vice presidency
By Brittany De Lea | Fox News
November 23 2020
President-Elect Joe Biden announced additional nominations to his cabinet on Monday, including a National Security Adviser who has advocated for supporting China’s “rise” in the past.
Jake Sullivan has been tapped to fill the role, after previously advising Biden when he served as vice president in the Obama administration. Sullivan also worked for Hillary Clinton when she served as Secretary of State.
Sullivan could bring in a fresh perspective to relations with China when compared with the Trump administration if his past comments are an indication.
During a lecture he delivered on behalf of the Lowy Institute in 2017, Sullivan said leading foreign policy expert Owen Harries was “right” to warn against “containment” as a self-defeating policy, much like acquiescence.
“We need to strike a middle course – one that encourages China’s rise in a manner consistent with an open, fair, rules-based, regional order,” Sullivan said. “This will require care and prudence and strategic foresight, and maybe even more basically it will require sustained attention. It may not have escaped your notice that these are not in ample supply in Washington right now.”
During the same lecture, Sullivan said China policy needs to be about more than just bilateral ties, "it needs to be about our ties to the region that create an environment more conducive to a peaceful and positive sum Chinese rise," he said.
Sullivan reasoned that a thriving China, specifically from an economic standpoint, was good for the global economy, though it depends on the “parameters of the system within which China is rising.”
That sentiment resonates with current policy towards China, where the U.S. has worked to iron out trade agreements that level the playing field for domestic companies, concerning items like intellectual property protections and removing trade barriers.
The Trump administration engaged China directly in what amounted to a months-long trade war as it sought to coax Beijing into opening its economy.
A partial agreement was reached between the world’s two largest economies earlier this year.
While Biden’s approach may differ from Trump’s hardline tactics, his goals concerning economic relations with Beijing are likely similar.
Biden said the U.S. “does need to get tough on China,” in an essay in Foreign Affairs, where he advocated for using alliances as leverage to “shape the rules of the road” so that they “reflect democratic interests and values.”
www.foxnews.com
Sullivan served as an adviser to Biden during his vice presidency
By Brittany De Lea | Fox News
November 23 2020
President-Elect Joe Biden announced additional nominations to his cabinet on Monday, including a National Security Adviser who has advocated for supporting China’s “rise” in the past.
Jake Sullivan has been tapped to fill the role, after previously advising Biden when he served as vice president in the Obama administration. Sullivan also worked for Hillary Clinton when she served as Secretary of State.
Sullivan could bring in a fresh perspective to relations with China when compared with the Trump administration if his past comments are an indication.
During a lecture he delivered on behalf of the Lowy Institute in 2017, Sullivan said leading foreign policy expert Owen Harries was “right” to warn against “containment” as a self-defeating policy, much like acquiescence.
“We need to strike a middle course – one that encourages China’s rise in a manner consistent with an open, fair, rules-based, regional order,” Sullivan said. “This will require care and prudence and strategic foresight, and maybe even more basically it will require sustained attention. It may not have escaped your notice that these are not in ample supply in Washington right now.”
During the same lecture, Sullivan said China policy needs to be about more than just bilateral ties, "it needs to be about our ties to the region that create an environment more conducive to a peaceful and positive sum Chinese rise," he said.
Sullivan reasoned that a thriving China, specifically from an economic standpoint, was good for the global economy, though it depends on the “parameters of the system within which China is rising.”
That sentiment resonates with current policy towards China, where the U.S. has worked to iron out trade agreements that level the playing field for domestic companies, concerning items like intellectual property protections and removing trade barriers.
The Trump administration engaged China directly in what amounted to a months-long trade war as it sought to coax Beijing into opening its economy.
A partial agreement was reached between the world’s two largest economies earlier this year.
While Biden’s approach may differ from Trump’s hardline tactics, his goals concerning economic relations with Beijing are likely similar.
Biden said the U.S. “does need to get tough on China,” in an essay in Foreign Affairs, where he advocated for using alliances as leverage to “shape the rules of the road” so that they “reflect democratic interests and values.”
US should encourage China's rise, Biden national security pick Jake Sullivan says
Sullivan served as an adviser to Biden during his vice presidency.
beijingwalker
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Biden Will Normalize Chinese Relations And Collaborate On Climate And Trade
Ken Silverstei
Nov 22, 2020,12:30pm EST
US Vice President Joe Biden and Chinese President Xi Jinping toast during a State Luncheon for China hosted by US Secretary of State John Kerry on September 25, 2015 at the Department of State in Washington, DC. AFP PHOTO/PAUL J. RICHARDS (Photo credit should read PAUL J. RICHARDS/AFP via Getty Images)
AFP VIA GETTY IMAGES
When President Nixon went to China in 1972, it precipitated a decades-long partnership that led to the modernization of China — an evolution that has given American enterprises vast opportunities. That’s why Nixon’s Secretary of State Henry Kissinger is urging President-elect Joe Biden to normalize relations.
Donald Trump has retaliated against China’s trade strategy by levying tariffs that have been intended to hurt it financially. But it has had the opposite effect — one that Moody’s Analytics and Bloomberg Economics say has damaged America. While the United States and China may be economic competitors, they are also collaborators and have a lot more in common — including finding a solution to climate change, expanding the use of renewables and growing trade relations.
To that end, China’s President Xi told the UN General Assembly that his country would hit peak CO2 releases by 2030 and that it would be carbon neutral by 2060. And like President-elect Biden, he supports the Paris climate agreement, saying that the pact will provide the blueprint to guide global partners to a greener future. Meantime, China and 14 other countries in the Asia-Pacific region just inked a free-trade deal that covers 2.2 billion people and that make up 30% of the world’s gross domestic product.
Trump withdrew from the Trans-Pacific Partnership, saying that it would give China a free pass to wield its economic power. But the agreement leveraged the weight of other participants to ensure that China — and everyone else — adhered to internationally-accepted trade rules. The tariffs, conversely, caused U.S. consumers to pay more for goods and services. With his calming influence, Biden will gradually embrace China while still ensuring it plays fairly. Kissinger told Bloomberg’s New Energy Forum that China is “an old friend” and that Trump’s confrontational style could lead to irreversible damages.
“China would entertain this discussion and put this entire episode in the past,” says Eric Fang, president of the National Center for Sustainable Development in Washington, D.C., in a talk with this writer. “This relationship has worked beautifully for 40 years. China is now the most capitalistic country in the world — the result of this engagement. It is creating policies based on the advice of its U.S. counterparts. America’s genes are blended into Chinese society.”
By scapegoating China, Trump has hurt American interests. The two economies are tightly interwoven. Dan Yergin explains in his recent book, “The New Map,” that China holds trillions of dollars in U.S. treasury bonds — the money that helps finance this country’s massive debt. At the same time, the vice-chair of IHS Markit says that Americans’ retirement funds are stocked full of Chinese equities while the country’s green-tech sector is trying to appeal to investors. The Chinese want to be our partner while U.S.-based venture capitalists aspire to work with Asia.
Immediately, American energy producers have a keen interest in selling their oil and natural gas to China — something that is near impossible because of the trade war and the coronavirus that has weakened demand. But China’s commitment to be carbon neutral by 2060 will change that equation. The announcement is not so that China can make nice among the community of nations; rather, it is striving to be energy independent and to break the grip of the United States, Russia and the Middle East.
Fang, with the center for sustainable development, says that as a poor nation 30 years ago, China relied solely on its manpower — to take coal out of the ground and to use it to generate into electricity. But today it is a modern economy with a highly educated workforce. That progress is leading to the development of smart cities that have ultra-efficient buildings and that rely on clean energy. That has has attracted companies like Apple AAPL -3%, Microsoft, Philips, Samsung, Siemens and Tesla TSLA +6.6%, which also want to market their products to China’s 400 million middle class consumers.
“Energy independence is driving this carbon neutrality policy,” says Fang. “You would think this would be impossible. But if the Chinese government has the will, the people will follow. The government first issues drafts that are disseminated at the local level before they are commented on and finalized. When China makes a statement this big, it is committing and the whole world can see that.
“Every other country is looking to the U.S. and China and asking if the two can take a leadership position,” he continues. “The United States should support China’s efforts to be greener. It is good for the entire world. I see the Biden administration working with China to implement more renewable energy and to address climate change. This will be a major success story and the Chinese want to collaborate.”
To that end, Fang says that the areas in which the two countries can cooperate are boundless: everything from wind and solar energies to battery storage and electric vehicles, all of which takes venture capital and open trade rules.
Ending Solar Tariffs
That puts pressure on the U.S. to join what was once the Trans-Pacific Partnership but that is now called the Regional Comprehensive Economic Partnership: 15 countries in all that comprise $26 trillion in economic output, or 30% of the globe’s gross domestic product. It covers 28% of all world trade. If the U.S. continues to sit on the sidelines while this commerce is transpiring, it will lose.
China is joined by Japan, South Korea, Singapore, New Zealand and Australia. Also Indonesia, Malaysia, Myanmar, Philippines, Thailand and Vietnam. If India takes part, the stakes get even bigger. Before President-elect Joe Biden signs on he will assure its fairness. But he knows implicitly that joining the pact will lift the country out of recession and provide a clear sign that America wants to lead — not cower behind its borders while the rest of world moves forward.
Trade wars don’t work. For each action there is an equal-and-opposite reaction. Trump has penalized China with about $550 billion in tariffs that have been met by $185 billion in tariffs on American products. Nearly a third of the U.S. economy is tied to trade while 5% of that is linked to commerce with China.
Trump triggered the trade war in January 2018 with tariffs on Chines solar panels: a 30% tariff, which declines over four years until it goes away — a move intended to save American solar panel makers that comprise just 5% of the global production market. But the industry says that those tariffs have hurt deployment of solar and they have damaged the cause of climate change.
“We have had numerous conversations with the transition team,” says Abigail Ross Hopper, executive director of the Solar Energy Industries Association, in a talk with reporters. “It understands the impact that tariffs have had and what we have built here.” The association says that once President-elect Biden is sworn in, he will have the authority to wipe out that tariff through executive order.
“We continue to grow but not at the rate we have anticipated,” she adds. “We have gone back and looked at our projections and compared that to what was deployed … we compete on price and when you add in (a tariff), the cost rolls through to customers.” In the end, it negatively impacts jobs, deployment and investment.
Restoring America’s Honor
Fang, with the center for sustainable development, generally agrees, saying that the United States cannot compete with China on solar panel development because this country’s labor rates are much greater. But the U.S. has distinct advantages in the higher-valued sectors, he emphasizes. It can then license its technology and receive a premium for it. The more automation that goes into production, for example, the greater value it ultimately creates. And those high-end manufacturing jobs require greater skill sets and superior educations, which means more pay.
“The Asian trade pact will open tremendous opportunities worldwide,” says Fang. “Asia is one-third of the world economy and U.S. could export more of its products. President-elect Biden will want to join the game. The trade pact also calls for a green economy and this will help China to meet its climate targets. China will also be careful when it finances other countries’ infrastructures (through its Belt and Road Initiative) by making them greener.”
Isolationism is a failed idea. And Trump’s “America First” policies are the latest example of that. Everyone from Ronald Reagan to both George Bushes to Bill Clinton and Barack Obama get this. And it’s why Henry Kissinger is encouraging President-elect Biden to end those policies and to restore America’s honor in the world. It’s needed “Now More Than Ever” — as Nixon once proclaimed — so that the U.S. can collaborate with China on climate change, green-tech and free-trade.
www.forbes.com
Ken Silverstei
Nov 22, 2020,12:30pm EST
US Vice President Joe Biden and Chinese President Xi Jinping toast during a State Luncheon for China hosted by US Secretary of State John Kerry on September 25, 2015 at the Department of State in Washington, DC. AFP PHOTO/PAUL J. RICHARDS (Photo credit should read PAUL J. RICHARDS/AFP via Getty Images)
AFP VIA GETTY IMAGES
When President Nixon went to China in 1972, it precipitated a decades-long partnership that led to the modernization of China — an evolution that has given American enterprises vast opportunities. That’s why Nixon’s Secretary of State Henry Kissinger is urging President-elect Joe Biden to normalize relations.
Donald Trump has retaliated against China’s trade strategy by levying tariffs that have been intended to hurt it financially. But it has had the opposite effect — one that Moody’s Analytics and Bloomberg Economics say has damaged America. While the United States and China may be economic competitors, they are also collaborators and have a lot more in common — including finding a solution to climate change, expanding the use of renewables and growing trade relations.
To that end, China’s President Xi told the UN General Assembly that his country would hit peak CO2 releases by 2030 and that it would be carbon neutral by 2060. And like President-elect Biden, he supports the Paris climate agreement, saying that the pact will provide the blueprint to guide global partners to a greener future. Meantime, China and 14 other countries in the Asia-Pacific region just inked a free-trade deal that covers 2.2 billion people and that make up 30% of the world’s gross domestic product.
Trump withdrew from the Trans-Pacific Partnership, saying that it would give China a free pass to wield its economic power. But the agreement leveraged the weight of other participants to ensure that China — and everyone else — adhered to internationally-accepted trade rules. The tariffs, conversely, caused U.S. consumers to pay more for goods and services. With his calming influence, Biden will gradually embrace China while still ensuring it plays fairly. Kissinger told Bloomberg’s New Energy Forum that China is “an old friend” and that Trump’s confrontational style could lead to irreversible damages.
“China would entertain this discussion and put this entire episode in the past,” says Eric Fang, president of the National Center for Sustainable Development in Washington, D.C., in a talk with this writer. “This relationship has worked beautifully for 40 years. China is now the most capitalistic country in the world — the result of this engagement. It is creating policies based on the advice of its U.S. counterparts. America’s genes are blended into Chinese society.”
By scapegoating China, Trump has hurt American interests. The two economies are tightly interwoven. Dan Yergin explains in his recent book, “The New Map,” that China holds trillions of dollars in U.S. treasury bonds — the money that helps finance this country’s massive debt. At the same time, the vice-chair of IHS Markit says that Americans’ retirement funds are stocked full of Chinese equities while the country’s green-tech sector is trying to appeal to investors. The Chinese want to be our partner while U.S.-based venture capitalists aspire to work with Asia.
Immediately, American energy producers have a keen interest in selling their oil and natural gas to China — something that is near impossible because of the trade war and the coronavirus that has weakened demand. But China’s commitment to be carbon neutral by 2060 will change that equation. The announcement is not so that China can make nice among the community of nations; rather, it is striving to be energy independent and to break the grip of the United States, Russia and the Middle East.
Fang, with the center for sustainable development, says that as a poor nation 30 years ago, China relied solely on its manpower — to take coal out of the ground and to use it to generate into electricity. But today it is a modern economy with a highly educated workforce. That progress is leading to the development of smart cities that have ultra-efficient buildings and that rely on clean energy. That has has attracted companies like Apple AAPL -3%, Microsoft, Philips, Samsung, Siemens and Tesla TSLA +6.6%, which also want to market their products to China’s 400 million middle class consumers.
“Energy independence is driving this carbon neutrality policy,” says Fang. “You would think this would be impossible. But if the Chinese government has the will, the people will follow. The government first issues drafts that are disseminated at the local level before they are commented on and finalized. When China makes a statement this big, it is committing and the whole world can see that.
“Every other country is looking to the U.S. and China and asking if the two can take a leadership position,” he continues. “The United States should support China’s efforts to be greener. It is good for the entire world. I see the Biden administration working with China to implement more renewable energy and to address climate change. This will be a major success story and the Chinese want to collaborate.”
To that end, Fang says that the areas in which the two countries can cooperate are boundless: everything from wind and solar energies to battery storage and electric vehicles, all of which takes venture capital and open trade rules.
Ending Solar Tariffs
That puts pressure on the U.S. to join what was once the Trans-Pacific Partnership but that is now called the Regional Comprehensive Economic Partnership: 15 countries in all that comprise $26 trillion in economic output, or 30% of the globe’s gross domestic product. It covers 28% of all world trade. If the U.S. continues to sit on the sidelines while this commerce is transpiring, it will lose.
China is joined by Japan, South Korea, Singapore, New Zealand and Australia. Also Indonesia, Malaysia, Myanmar, Philippines, Thailand and Vietnam. If India takes part, the stakes get even bigger. Before President-elect Joe Biden signs on he will assure its fairness. But he knows implicitly that joining the pact will lift the country out of recession and provide a clear sign that America wants to lead — not cower behind its borders while the rest of world moves forward.
Trade wars don’t work. For each action there is an equal-and-opposite reaction. Trump has penalized China with about $550 billion in tariffs that have been met by $185 billion in tariffs on American products. Nearly a third of the U.S. economy is tied to trade while 5% of that is linked to commerce with China.
Trump triggered the trade war in January 2018 with tariffs on Chines solar panels: a 30% tariff, which declines over four years until it goes away — a move intended to save American solar panel makers that comprise just 5% of the global production market. But the industry says that those tariffs have hurt deployment of solar and they have damaged the cause of climate change.
“We have had numerous conversations with the transition team,” says Abigail Ross Hopper, executive director of the Solar Energy Industries Association, in a talk with reporters. “It understands the impact that tariffs have had and what we have built here.” The association says that once President-elect Biden is sworn in, he will have the authority to wipe out that tariff through executive order.
“We continue to grow but not at the rate we have anticipated,” she adds. “We have gone back and looked at our projections and compared that to what was deployed … we compete on price and when you add in (a tariff), the cost rolls through to customers.” In the end, it negatively impacts jobs, deployment and investment.
Restoring America’s Honor
Fang, with the center for sustainable development, generally agrees, saying that the United States cannot compete with China on solar panel development because this country’s labor rates are much greater. But the U.S. has distinct advantages in the higher-valued sectors, he emphasizes. It can then license its technology and receive a premium for it. The more automation that goes into production, for example, the greater value it ultimately creates. And those high-end manufacturing jobs require greater skill sets and superior educations, which means more pay.
“The Asian trade pact will open tremendous opportunities worldwide,” says Fang. “Asia is one-third of the world economy and U.S. could export more of its products. President-elect Biden will want to join the game. The trade pact also calls for a green economy and this will help China to meet its climate targets. China will also be careful when it finances other countries’ infrastructures (through its Belt and Road Initiative) by making them greener.”
Isolationism is a failed idea. And Trump’s “America First” policies are the latest example of that. Everyone from Ronald Reagan to both George Bushes to Bill Clinton and Barack Obama get this. And it’s why Henry Kissinger is encouraging President-elect Biden to end those policies and to restore America’s honor in the world. It’s needed “Now More Than Ever” — as Nixon once proclaimed — so that the U.S. can collaborate with China on climate change, green-tech and free-trade.
Biden Will Normalize Chinese Relations And Collaborate On Climate And Trade
When Joe Biden takes the oath of office in January, he will start collaborating with China on addressing climate change, growing the green-tech sector and expanding trade relations.
www.forbes.com
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Biden Will Normalize Chinese Relations And Collaborate On Climate And Trade
Ken Silverstei
Nov 22, 2020,12:30pm EST
US Vice President Joe Biden and Chinese President Xi Jinping toast during a State Luncheon for China hosted by US Secretary of State John Kerry on September 25, 2015 at the Department of State in Washington, DC. AFP PHOTO/PAUL J. RICHARDS (Photo credit should read PAUL J. RICHARDS/AFP via Getty Images)
AFP VIA GETTY IMAGES
When President Nixon went to China in 1972, it precipitated a decades-long partnership that led to the modernization of China — an evolution that has given American enterprises vast opportunities. That’s why Nixon’s Secretary of State Henry Kissinger is urging President-elect Joe Biden to normalize relations.
Donald Trump has retaliated against China’s trade strategy by levying tariffs that have been intended to hurt it financially. But it has had the opposite effect — one that Moody’s Analytics and Bloomberg Economics say has damaged America. While the United States and China may be economic competitors, they are also collaborators and have a lot more in common — including finding a solution to climate change, expanding the use of renewables and growing trade relations.
To that end, China’s President Xi told the UN General Assembly that his country would hit peak CO2 releases by 2030 and that it would be carbon neutral by 2060. And like President-elect Biden, he supports the Paris climate agreement, saying that the pact will provide the blueprint to guide global partners to a greener future. Meantime, China and 14 other countries in the Asia-Pacific region just inked a free-trade deal that covers 2.2 billion people and that make up 30% of the world’s gross domestic product.
Trump withdrew from the Trans-Pacific Partnership, saying that it would give China a free pass to wield its economic power. But the agreement leveraged the weight of other participants to ensure that China — and everyone else — adhered to internationally-accepted trade rules. The tariffs, conversely, caused U.S. consumers to pay more for goods and services. With his calming influence, Biden will gradually embrace China while still ensuring it plays fairly. Kissinger told Bloomberg’s New Energy Forum that China is “an old friend” and that Trump’s confrontational style could lead to irreversible damages.
“China would entertain this discussion and put this entire episode in the past,” says Eric Fang, president of the National Center for Sustainable Development in Washington, D.C., in a talk with this writer. “This relationship has worked beautifully for 40 years. China is now the most capitalistic country in the world — the result of this engagement. It is creating policies based on the advice of its U.S. counterparts. America’s genes are blended into Chinese society.”
By scapegoating China, Trump has hurt American interests. The two economies are tightly interwoven. Dan Yergin explains in his recent book, “The New Map,” that China holds trillions of dollars in U.S. treasury bonds — the money that helps finance this country’s massive debt. At the same time, the vice-chair of IHS Markit says that Americans’ retirement funds are stocked full of Chinese equities while the country’s green-tech sector is trying to appeal to investors. The Chinese want to be our partner while U.S.-based venture capitalists aspire to work with Asia.
Immediately, American energy producers have a keen interest in selling their oil and natural gas to China — something that is near impossible because of the trade war and the coronavirus that has weakened demand. But China’s commitment to be carbon neutral by 2060 will change that equation. The announcement is not so that China can make nice among the community of nations; rather, it is striving to be energy independent and to break the grip of the United States, Russia and the Middle East.
Fang, with the center for sustainable development, says that as a poor nation 30 years ago, China relied solely on its manpower — to take coal out of the ground and to use it to generate into electricity. But today it is a modern economy with a highly educated workforce. That progress is leading to the development of smart cities that have ultra-efficient buildings and that rely on clean energy. That has has attracted companies like Apple AAPL -3%, Microsoft, Philips, Samsung, Siemens and Tesla TSLA +6.6%, which also want to market their products to China’s 400 million middle class consumers.
“Energy independence is driving this carbon neutrality policy,” says Fang. “You would think this would be impossible. But if the Chinese government has the will, the people will follow. The government first issues drafts that are disseminated at the local level before they are commented on and finalized. When China makes a statement this big, it is committing and the whole world can see that.
“Every other country is looking to the U.S. and China and asking if the two can take a leadership position,” he continues. “The United States should support China’s efforts to be greener. It is good for the entire world. I see the Biden administration working with China to implement more renewable energy and to address climate change. This will be a major success story and the Chinese want to collaborate.”
To that end, Fang says that the areas in which the two countries can cooperate are boundless: everything from wind and solar energies to battery storage and electric vehicles, all of which takes venture capital and open trade rules.
Ending Solar Tariffs
That puts pressure on the U.S. to join what was once the Trans-Pacific Partnership but that is now called the Regional Comprehensive Economic Partnership: 15 countries in all that comprise $26 trillion in economic output, or 30% of the globe’s gross domestic product. It covers 28% of all world trade. If the U.S. continues to sit on the sidelines while this commerce is transpiring, it will lose.
China is joined by Japan, South Korea, Singapore, New Zealand and Australia. Also Indonesia, Malaysia, Myanmar, Philippines, Thailand and Vietnam. If India takes part, the stakes get even bigger. Before President-elect Joe Biden signs on he will assure its fairness. But he knows implicitly that joining the pact will lift the country out of recession and provide a clear sign that America wants to lead — not cower behind its borders while the rest of world moves forward.
Trade wars don’t work. For each action there is an equal-and-opposite reaction. Trump has penalized China with about $550 billion in tariffs that have been met by $185 billion in tariffs on American products. Nearly a third of the U.S. economy is tied to trade while 5% of that is linked to commerce with China.
Trump triggered the trade war in January 2018 with tariffs on Chines solar panels: a 30% tariff, which declines over four years until it goes away — a move intended to save American solar panel makers that comprise just 5% of the global production market. But the industry says that those tariffs have hurt deployment of solar and they have damaged the cause of climate change.
“We have had numerous conversations with the transition team,” says Abigail Ross Hopper, executive director of the Solar Energy Industries Association, in a talk with reporters. “It understands the impact that tariffs have had and what we have built here.” The association says that once President-elect Biden is sworn in, he will have the authority to wipe out that tariff through executive order.
“We continue to grow but not at the rate we have anticipated,” she adds. “We have gone back and looked at our projections and compared that to what was deployed … we compete on price and when you add in (a tariff), the cost rolls through to customers.” In the end, it negatively impacts jobs, deployment and investment.
Restoring America’s Honor
Fang, with the center for sustainable development, generally agrees, saying that the United States cannot compete with China on solar panel development because this country’s labor rates are much greater. But the U.S. has distinct advantages in the higher-valued sectors, he emphasizes. It can then license its technology and receive a premium for it. The more automation that goes into production, for example, the greater value it ultimately creates. And those high-end manufacturing jobs require greater skill sets and superior educations, which means more pay.
“The Asian trade pact will open tremendous opportunities worldwide,” says Fang. “Asia is one-third of the world economy and U.S. could export more of its products. President-elect Biden will want to join the game. The trade pact also calls for a green economy and this will help China to meet its climate targets. China will also be careful when it finances other countries’ infrastructures (through its Belt and Road Initiative) by making them greener.”
Isolationism is a failed idea. And Trump’s “America First” policies are the latest example of that. Everyone from Ronald Reagan to both George Bushes to Bill Clinton and Barack Obama get this. And it’s why Henry Kissinger is encouraging President-elect Biden to end those policies and to restore America’s honor in the world. It’s needed “Now More Than Ever” — as Nixon once proclaimed — so that the U.S. can collaborate with China on climate change, green-tech and free-trade.
Biden Will Normalize Chinese Relations And Collaborate On Climate And Trade
When Joe Biden takes the oath of office in January, he will start collaborating with China on addressing climate change, growing the green-tech sector and expanding trade relations.
i'd call this a good development.
more co-operation between the superpowers is always a good thing.
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Things might go back to business as usual, but the US will not be leaving the SCS anytime soon.
Not that it matters because the SCS is always open
PeaceGen
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how about the reports that China's leadership favored a Biden win? they wouldn't do that without hopes for a better relationship under Biden's leadership, now would they?
China is the new rising empire. Either the West accommodates it and gives it a seat at the table, or it will have to force its way through and the consequences won't be pretty.
If we, the regular people of this world, are going to live in peace and prosperity, a stable relationship between the world's two superpowers is a necessity. Both China and the US love making money, there is no reason why there can't be co-existence and mutual prosperity.
If we, the regular people of this world, are going to live in peace and prosperity, a stable relationship between the world's two superpowers is a necessity. Both China and the US love making money, there is no reason why there can't be co-existence and mutual prosperity.
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