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Ones and Tooze cover image

The Future of Republican Economics

Ones and Tooze

NOTE

Choosing between coherence and unpredictability in US-China relations

Businesses are facing a dilemma between choosing a coherent but hawkish stance towards China, supported by individuals like Peter Navarro and Steve Bannon, who envision military conflicts with China, or an unpredictable approach represented by President Trump, who has shown openness to Chinese investments in the US and alternative arrangements with China and Taiwan. The latter option, albeit chaotic and contradictory within Trump's camp, could potentially lead to a pacification of US-China relations, which businesses view as dangerously tense. The current stance of American business in this regard remains uncertain.

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