• Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy
ABOUT
Advertise in GAT
Contact us
Thursday, June 30, 2022
Georgia Asian Times
International Insurance of Georgia
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy
No Result
View All Result
Georgia Asian Times
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
Home Business

U.S. must stand up to China if Biden wins, focus less on trade, Krugman says

Georgia Asian Times by Georgia Asian Times
September 29, 2020
in Business, Headline
Share on FacebookShare on Twitter

Brasilia, Sept 29, 2020 – Democratic candidate Joe Biden should maintain a tough stance against China if he wins the U.S. presidential election, but focus more on industrial policy than trade tariffs, according to Nobel-prize winning economist Paul Krugman.

A fiery critic of the Trump administration who writes a column for the New York Times, Krugman said the dispute over Chinese technology giant Huawei, whose U.S. operations have been severely curtailed by Washington, will remain a bone of contention between the two powers no matter who wins the White House.

“The U.S.-China situation is complicated. On the one hand, the U.S. has genuine complaints; on the other, there is very little support for Trump’s trade war,” Krugman said in an emailed interview with Reuters.

“So what Biden should probably do is continue to face up to China, but in a different way. Focus more on industrial policy and bring other countries on board to join the effort,” he said.

AD: High Museum of Atlanta

If Donald Trump is re-elected, the relationship between the two countries will be “very bad,” Krugman said.

The Trump administration imposed staggered tariffs on more than $370 billion in Chinese goods in 2018 and 2019, arguing China was stealing intellectual property and forcing U.S. companies to transfer technology for access to China’s markets.

China imposed its own retaliatory tariffs.

On the U.S. economy, Krugman said the biggest challenges in addition to the near-term uncertainty fueled by the COVID-19 pandemic are structural changes in the demand for labor, and secular stagnation.

“We still have savings exceeding investment demand, leading to low interest rates and a limited ability to respond to slowdowns,” he said, adding that this should be met with infrastructure investment.

Krugman also said he is worried about the fiscal situation in emerging economies, especially Turkey. He said the growing ability of many emerging market economies to borrow in local currency, rather than dollars, had eased access to credit.

“But emerging countries still have a lot less fiscal space than rich countries, at a time when deficit spending is essential,” he said.

Krugman also said the path of the U.S.-Latin America relationship in the years ahead is unclear, but suggested the region will remain low on Washington’s agenda regardless of outcome on Nov. 3. – Reuters

 

Previous Post

Valentino picks Milan over Paris for rare live fashion show

Next Post

Microsoft 365 outage affects multiple services

Georgia Asian Times

Georgia Asian Times

Related Posts

Toyota recalls electric car for faulty wheel that may detach
Business

Toyota recalls electric car for faulty wheel that may detach

June 26, 2022
Asian American youth encounter struggles with entering the workforce
Business

Asian American youth encounter struggles with entering the workforce

June 20, 2022
Fed attacks inflation with its largest rate hike since 1994
Business

Fed attacks inflation with its largest rate hike since 1994

June 15, 2022
China’s economy grows 8.1% in 2021, slows in second half
Business

World Bank dims outlook for global economy amid Russia war

June 7, 2022
Apple offers glimpse at upcoming changes to iPhone software
Business

Apple offers glimpse at upcoming changes to iPhone software

June 7, 2022
Sen. Ossoff Meets with Key U.S.-Japan Business Leaders in Georgia
Business

Sen. Ossoff Meets with Key U.S.-Japan Business Leaders in Georgia

June 6, 2022
Next Post

Microsoft 365 outage affects multiple services

Signup Free E-Newsletter

Upcoming Events

Jul 15
6:00 pm - 10:00 pm

GAT 25 Most Influential Asian Americans in Georgia-2022 Awards Gala

Sep 17
September 17 @ 11:00 am - September 18 @ 6:00 pm

JapanFest 2022

View Calendar

 

CONTACT US

Follow Us

MOST INFLUENTIAL

GAT 25 Most influential Asian American in Georgia Awards Gala

2022 GAT 25 Most Influential Asian Americans in Georgia

May 1, 2022
Home

Record turnout at annual GAT 25 Most Influential Asian Americans in Georgia-Awards Gala

July 17, 2021

2021 GAT 25 Most Influential Asian Americans in Georgia

April 30, 2021

LINKS OF INTEREST

ATL Asian Film Festival

GAT on Facebook

  • Contact Us
  • Advertise in GAT
  • ABOUT

© 2022 Georgia Asian Times - empowered by 8SOL

No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy

© 2022 Georgia Asian Times - empowered by 8SOL

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist