Economist Podcasts Protectionist racket: trade-war rhetoric
May 31, 2019
In this discussion, Simon Rabinovich, an Asia economics editor based in Shanghai, analyzes how China is responding to escalating tariffs in the trade war. He shares insights on rising nationalism and the government's narrative management. Meanwhile, Charles Reid, a transport writer, delves into the ongoing crisis surrounding the Boeing 737 MAX, highlighting regulatory scrutiny and safety implications. The podcast also touches on thought-provoking themes from the Venice Biennale, linking art to pressing global issues like immigration and climate change.
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Trade War Escalation
- The US-China trade war is escalating, with both sides implementing new tariffs and hardening rhetoric.
- China's state media is promoting nationalism, but public outrage remains restrained.
China's Controlled Nationalism
- Chinese state media promotes nationalistic support for the trade war with movies and editorials.
- However, public reaction is restrained, without major boycotts or protests.
Differing Strategies in Trade War
- China's approach to the trade war is reactive and defensive.
- The US approach is proactive, but potentially weakened by Trump's attacks on other allies.