Trump boosts coal as China takes the lead on climate change
Apr 07 2017 by Joshua Bennett
The danger is that he, like Secretary of State Rex Tillerson during his recent visit to Beijing, could be drawn into China's conception of a "new form of great power relations" before he has had the chance to formulate one of his own.
Coincidentally, former Central Intelligence Agency director Michael Hayden gave a speech at Johns Hopkins University's School of Advanced International Studies on Tuesday in which he warned North Korea could become capable of hitting Seattle with "an indigenously produced nuclear weapon aboard an indigenously produced intercontinental ballistic missile" before President Trump leaves office.
As well as a growing list of ballistic missile launches, North Korea has also conducted two nuclear weapons tests since January 2016.
On North Korea, it's often said the Chinese preference is for "strategic patience".
The Security Council on Thursday strongly condemned North Korea's latest ballistic missile launch and demanded a halt to all missile tests, stressing again that they violate United Nations sanctions and "are significantly increasing tension in the region and beyond".
Meanwhile, Trump has to manage the appearance of having a coherent China policy and relationship with the country that shows concrete results, even as his bluster is put to the test on the global stage. "It seems like the Trump policy will be numerous same things that Obama did, but with greater vigor", Bruce Klingner, a senior research fellow for Northeast Asia at the Heritage Foundation, said in a BBC interview at the time.
But despite their differences, when the two leaders sit down at Trump's luxury club at Mar-a-Lago they will have share one thing that might help them forge common experience - the summit requires both to navigate delicate domestic politics.
The U.S. Treasury would have to radically change its definitions of currency manipulation in order to squeeze China into that label for its next report due April 14, said these experts, several of whom contributed to past Treasury analysis of foreign exchange practices.
Whatever dealings go down between Xi and Trump at Mar-a-Lago, they'll have to happen somewhere else.
"It's hard to wrap your head around, but that's the reality in China", Ramzy says.
In China's capital, Trump's public statements doubting that human activity is the primary cause of global warming are greeted with a mixture of bemusement and worry. "That is all I am telling you", he told the Financial Times. That's the question. We have to look at preemptive military action.
And while Tillerson's taciturn comments were instantly criticized online, analysts said it was hard to gauge if his approach would make much of a difference compared to his predecessors'.
"The meeting next week with China will be a very hard one in that we can no longer have massive trade deficits and job losses", the president said in a series of tweets on March 30. Tariffs - Trump has threatened import taxes of up to 45 percent - would hit American consumers as much as Chinese producers.
Falling equities, driven by the Fed's hawkish tone, have supported gold and should prices decisively move above the 200-day moving average, more quantitative money could start coming in, said INTL FCStone analyst Edward Meir.
China joined the World Trade Organization in 2001. But in February, Trump backed down in a phone call with Xi Jinping.
At the same time, the President's protectionism, demonstrated by his decision to pull out of the Trans-Pacific Partnership trade deal, will reduce America's economic role in Asia.
Trump has delighted in warmly welcoming his guests on his frequent visits to what he calls the "winter White House", shaking hands with them as they enter and doing the rounds of each table at formal daily dinners. But an even more important foreign policy issue is actually the U.S. USA gold futures were up 0.6 percent at $1,255.60, after climbing as much as 1 percent to $1,260.80 earlier in the day.
During his first meeting with then President Barack Obama in November, Trump was warned he may have to make an early decision on the use of force against North Korea. "It is the reason we have alliances at the end of the day, one of the reasons, other than they serve our security and prosperity here at home".
What people in Beijing think is that Trump - the dealmaker - is using a "trade war" as the threat to get action from China in other areas.
"Clean energy is the next, largest global market", said Barbara Finamore, Asia director at the Natural Resources Defense Council, a USA -based environmental group.