Shifting Financial Alliances: China and the Challenge to Dollar Dominance

<p>A big part of Donald Trump’s global tariff regime targets the Chinese economy in a bid, he says, to force the country into a deal favorable to the United States. Despite this, officials in China have been undeterred — claiming that tariffs will hurt Americans more than Chinese, and drawing comparison between the actions of Donald Trump and Mao Zedong’s ‘cultural revolution.’</p><p><br></p><p>Chinese officials have also responded to Donald Trump’s tariff program saying, in part: “if war is what the U.S. wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end."&nbsp;</p><p><br></p><p>David Rennie is a columnist with The Economist, where he formerly worked as the magazine’s Beijing correspondent. He joins us for a conversation about the China-U.S. relationship, why officials in China view Trump as a ‘revolutionary’ figure, and this as a one of the great moments of opportunity in China’s modern history. </p><p><br></p><p>For transcripts of Front Burner, please visit:&nbsp;<a href="https://www.cbc.ca/radio/frontburner/transcripts" rel="noopener noreferrer" target="_blank">https://www.cbc.ca/radio/frontburner/transcripts</a></p>