Nota Bene Episode 40: Revisiting the U.S. Trade War and China’s Ascent as an Economic Power with Scott Maberry
Less than a year following our first discussion about the U.S.- China trade war, we’re revisiting the topic with former guest Scott Maberry. We’re examining whether fears of China becoming a dominant world economic player are as accurate and threatening as many believe. We’re also taking a closer look at some of the unanticipated and unexpected effects of the U.S.’s dealings (or lack thereof) with China.
Joining host Michael Cohen is former guest, from Episode 1, Scott Maberry. Scott is an International Trade partner in the Government Contracts, Investigations & International Trade Practice Group in the firm's Washington, D.C. office. Scott counsels clients and litigates disputes in the areas of export controls, the Foreign Corrupt Practices Act (FCPA), anti-terrorism, economic sanctions, anti-boycott controls, anti-money laundering (AML), the Foreign Agents Registration Act (FARA), trade remedies including antidumping and countervailing duty (AD/CVD) matters, and Customs.
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What We Discuss in This Episode:
What is a trade war as we see it playing out in current times?
What are the U.S.’s goals in having initiated the current trade war?
Is the perceived trade deficit in the U.S. as bad as it seems?
Why the goal of eliminating the trade deficit with China is not the right goal
Does China have a strategy for world economic dominance?
Can there be more than one dominant economic hegemon in the world?
Why the old ways of cooperation between the U.S. and China no longer work
How can China use the debt market power it currently holds to harm the U.S.?
What is China’s take on the trade war?
The extraordinary circumstances surrounding the U.S. population’s acceptance of the burden of increased tariffs
Could there be entirely unanticipated winners and losers in this trade war?