An image has been circulating around Twitter showing an infographic of China’s exports dominance over the course of nearly 20 years. This image came from an article by Liz Faunce in the Financial Times.
One image, representing a map of the U.S’s and China’s spheres of influences, had the U.S. as the dominant exporter in 2000. With few exceptions, the U.S. dominated export markets in every region of the globe.
2000 vs 2019
US and China sphere of influence. This is what the trade war is all about pic.twitter.com/1wIRTnDjZC
— Zeeshan Mhaskar (@MhaskarChief) November 25, 2019
But when China entered the World Trade Organization (WTO) in 2001, the entire game changed.
China is now the principal exporter on the world stage, with it dominating every continent with the exception of North America. Interestingly, South America, with exceptions of Ecuador and Colombia, are dominated by Chinese exports.
“It is clear that China has benefited from its belonging to the WTO, a process that started in the 1990s when Bill Clinton paved the way for it,” declared Thomas Costerg, senior economist at Pictet Wealth Management. Costerg’s team gathered the figures based on the IMF’s Direction of Trade Statistics database.
Costerg added, “They became a member in 2001 and China has become this massive manufacturing and export powerhouse over the past 20 years.” However, there is reason to believe that China’s trade dominance may not last for so long.
Costerg claims that China may face more competition for low value goods from countries such as Vietnam and textile exporters from South Asia. This serves as a reminder of the growing influence of China on the world stage.
While D.C. decided to launch never-ending wars in the Middle East, China used soft power through its trade agreements and economic clout to carve out massive spheres of influence across the globe.
With the election of Donald Trump, who ran on a platform that stressed equal terms of trade with China, now many are waking up to the malignant nature of the Chinese state.
Given its history of authoritarianism, China as a unipolar power could prove to be dangerous for freedom at the international level.
These next few decades will be critical in determining what China’s role on the international stage will be.
If U.S. policymakers are not careful, the 21st century will be Chinese, which does not bode well for human freedom.
The Attorney General on His Way Out?: Trump Mulls Firing Bill Barr, Advisers Trying to Dissuade Him
Trump is unhappy about more than just Barr’s recent voter fraud comments.
President Donald Trump is considering firing Attorney General William Barr, with the Washington Post reporting Wednesday evening that Trump “remained livid” at him.
On Tuesday Barr said that the Justice Department did not find evidence of “fraud on a scale that could have effected a different outcome in the election.”
An unnamed senior administration official told the Post that although Trump is upset about Barr’s comments, he’s also unhappy with Barr about other matters, such as his previous lack of action on the FBI’s investigation into the Trump campaign and his handling of John Durham.
The president is pressuring Barr to release the “Durham report,” which could implicate officials in using the investigation to target Trump for political reasons. Trump also sees Barr’s secret appointment of Durham to DOJ special counsel as a “stall tactic.”
In the wake of Election Day Attorney General Barr authorized federal prosecutors to “investigate substantial allegations” of voter fraud. But in his comments Tuesday, Barr claimed that “most claims of fraud are very particularized to a particular set of circumstances or actors or conduct.”
“They are not systemic allegations,” said Barr.
Trump may want to fire Barr, but several advisers are trying to persuade him not to, according to the unnamed senior official.
Either way, it’s tough to see how Barr remains attorney general for much longer. If Joe Biden pulls off the steal and gets inaugurated, he will certainly replace Barr with his own AG. And if Trump hangs on for his second and final term, he may very well want to clean house and start afresh.
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