South County Mail

Missouri and the World

US-China trade

Trump’s China diplomacy could weaken Russia’s influence

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The summit between President Donald Trump and Chinese president Xi Jinping last week was closely watched around the world, particularly in Moscow, where Russian president Vladimir Putin may have seen signs that improving relations between Washington and Beijing could gradually reduce Russia’s global influence.

While the meeting focused publicly on trade, technology, Iran and Taiwan, the broader geopolitical significance may lie in the possibility that the United States and China are attempting to stabilize one of the world’s most important relationships after years of growing tension.

For Russia, that could create new challenges. [Read more…] about Trump’s China diplomacy could weaken Russia’s influence

Why Trump’s meeting with Xi matters to American jobs, prices and manufacturing

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The meeting between President Donald Trump and Chinese president Xi Jinping last week was dominated by familiar geopolitical flashpoints – trade, technology, Iran and Taiwan – but the broader significance for ordinary Americans may lie much closer to home.

While headlines focused on tensions over Taiwan and military posturing in the Asia-Pacific region, economists and manufacturers will be watching for something more practical: whether Washington and Beijing can stabilize a relationship that remains deeply intertwined with the American economy.

Even after years of tariffs, reshoring initiatives and political hostility between the world’s two largest economies, the United States still relies heavily on China for manufacturing, industrial supply chains, electronics, consumer goods and critical materials. [Read more…] about Why Trump’s meeting with Xi matters to American jobs, prices and manufacturing

‘Friendshoring’ could become the next phase of globalization

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As tensions between the United States and China continue reshaping the global economy, economists and policymakers are increasingly focusing on a new concept that could define the next era of international trade: “friendshoring”.

Rather than bringing manufacturing fully back home, countries and multinational corporations may instead shift production and investment toward politically friendly nations.

A new analysis published by The Conversation argues that friendshoring may allow globalization to continue in a different form, even as trade between the world’s two largest economies becomes more strained. [Read more…] about ‘Friendshoring’ could become the next phase of globalization