On a state visit to china in january french president

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European nations are concerned about weaker countries getting close to Beijing. On a state visit to China in January, French President Emmanuel Macron sounded the alarm: "For China, the new Silk Roads are also a tool to promote new interna- tional standards, rules and norms that are different from those currently used by France and other European countries ... By definition, these roads can only be shared. If they are roads, they cannot be one way." 46 The insular US approach to trade might just push Europe and other countries towards closer economic ties with China, the world s second - largest economy. Since coming into office, the Trump administration has taken a protec- tionist approach to trade and has moved away from the ambitious, multilateral trade deals that were a hallmark of the Obama administration. Trump pulled out of the Trans Pacific Partnership (TPP), envisioned as a 12 - nation trading bloc and did little to advance similar talks with the EU. Other countries in Asia and Europe tried to prop up global free trade — the remaining TPP countries plowed ahead 45. Andrew Mayeda and Jenny Leonard, Trump's Tariff Assault Risks Sideswiping His Strongest Allies ”, June 1, 2018, available at: articles/2018 - 05 - 31/trump - s - tariff - assault - risks - sideswiping - his - strongest - allies 46. Erica Pandey, China Tries to Enlist European Allies in Trump's Trade War ”, April 20, 2018, available at: - european - union - belt - and - road - initiative - trade - war - a3c85e28 - c1fc - 4e11 - a299 - e5446b54ec89.html
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US - CHINA Trade War: Analyses of Deeper Nuances and Wider Implications 39 without Washington, and Brussels was busy advancing trade deals with Canada, Mexico and Japan. But, the knock - on effects of the Trump administration s tariffs would further dent global free trade. 47 Effect on Other Countries Trump s assault on the rules based order extends also to trade. While Trump has blinked on China by putting on hold his promised sweeping tariffs on the Chinese imports to the US, he has attempted to coerce and shame US allies like Japan, In- dia and South Korea, even though their combined trade surplus with the US – $95.6 billion in 2017 – amounts to about a quarter of China s. Trump has forced South Korea to accept a new trade deal, and has sought to squeeze India s im- portant information technology industry – which generates output worth $150 bil- lion per year – by imposing a restrictive visa policy. As for Japan, Trump forced a reluctant Japanese Prime Minister Shinzo Abe to accept a new trade framework that the US views as a precursor to negotiations on a bilateral free trade agree- ment. Some of the losers in this trade war would be: - US allies in the Far East like Japan, South Korea and Taiwan that are deeply integrated into the manufacturing processes of high end consum- er products like smartphones. Japan and South Korea, for example, are big exporters of integrated circuits to China, where they get used in the final assembly of electronic devices which are then shipped to the US and other countries.
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