Economist Podcasts Seeing the Lighthizer: China trade talks
Mar 27, 2019
The latest round of US-China trade talks reveals deepening complexities and skepticism on both sides. Apple’s bold move into the entertainment industry highlights the evolving landscape of streaming wars as traditional media struggles. Meanwhile, Kim Jong Un’s recent approachable demeanor raises questions about North Korea's propaganda strategies in a world increasingly influenced by foreign narratives.
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Shifting Dynamics
- China's economic stimulus and Trump's Mueller report aftermath changed the negotiation dynamics.
- These domestic factors make predicting the talks' outcome more difficult.
US Leverage
- Trump's stronger domestic position, bipartisan support for tough China policies, and China's greater economic dependence on the US give America leverage.
- This allows the US to push for a hard bargain.
Media Landscape Shift
- Traditional television viewership is declining while on-demand services like Netflix and Hulu rise.
- Big media companies are merging content and distribution to compete, exemplified by AT&T buying Time Warner and Disney buying parts of Fox.