Zürcher Nachrichten - Trump talks tough on China, but early focus elsewhere

EUR -
AED 4.329505
AFN 74.270955
ALL 96.412965
AMD 442.829896
ANG 2.109909
AOA 1081.049119
ARS 1621.868228
AUD 1.669117
AWG 2.122015
AZN 2.008805
BAM 1.955049
BBD 2.36909
BDT 143.744783
BGN 1.942405
BHD 0.44363
BIF 3488.260053
BMD 1.178897
BND 1.492727
BOB 8.127878
BRL 6.104378
BSD 1.176248
BTN 106.971909
BWP 15.575017
BYN 3.373004
BYR 23106.384132
BZD 2.365691
CAD 1.613144
CDF 2687.885928
CHF 0.914379
CLF 0.025883
CLP 1021.990551
CNY 8.144706
CNH 8.131873
COP 4349.829098
CRC 561.384355
CUC 1.178897
CUP 31.240774
CVE 110.22266
CZK 24.236994
DJF 209.469536
DKK 7.474449
DOP 72.302227
DZD 153.219144
EGP 56.036475
ERN 17.683457
ETB 183.051984
FJD 2.619805
FKP 0.87456
GBP 0.874585
GEL 3.153597
GGP 0.87456
GHS 12.927034
GIP 0.87456
GMD 86.65348
GNF 10320.035759
GTQ 9.025533
GYD 246.055483
HKD 9.214084
HNL 31.119046
HRK 7.539094
HTG 154.180774
HUF 380.836877
IDR 19879.624744
ILS 3.672942
IMP 0.87456
INR 106.961933
IQD 1541.008052
IRR 49661.042612
ISK 144.993015
JEP 0.87456
JMD 183.279597
JOD 0.835885
JPY 182.758577
KES 151.621757
KGS 103.095009
KHR 4730.182992
KMF 492.779421
KPW 1061.017663
KRW 1704.909721
KWD 0.361521
KYD 0.980223
KZT 587.104475
LAK 25205.317867
LBP 105335.237518
LKR 363.940199
LRD 217.026633
LSL 18.950121
LTL 3.480977
LVL 0.713104
LYD 7.441142
MAD 10.785757
MDL 20.20224
MGA 5034.066261
MKD 61.621329
MMK 2475.775519
MNT 4205.980766
MOP 9.468963
MRU 47.097908
MUR 54.724852
MVR 18.226196
MWK 2039.716483
MXN 20.197696
MYR 4.601281
MZN 75.337468
NAD 18.950121
NGN 1583.471518
NIO 43.283374
NOK 11.229118
NPR 171.155254
NZD 1.968602
OMR 0.452986
PAB 1.176248
PEN 3.951182
PGK 5.130029
PHP 68.327115
PKR 328.738921
PLN 4.222397
PYG 7605.078657
QAR 4.287453
RON 5.100032
RSD 117.374913
RUB 90.365288
RWF 1717.940087
SAR 4.422617
SBD 9.484443
SCR 17.871135
SDG 709.110969
SEK 10.681049
SGD 1.492529
SHP 0.884478
SLE 28.887303
SLL 24720.883013
SOS 671.042232
SRD 44.368388
STD 24400.790813
STN 24.490592
SVC 10.292047
SYP 13038.101319
SZL 18.943723
THB 36.684966
TJS 11.145219
TMT 4.12614
TND 3.415188
TOP 2.838502
TRY 51.671496
TTD 7.961942
TWD 37.181831
TZS 3031.835379
UAH 50.913243
UGX 4234.373448
USD 1.178897
UYU 45.642467
UZS 14365.48178
VES 473.717869
VND 30615.958975
VUV 139.583423
WST 3.200029
XAF 655.705124
XAG 0.013965
XAU 0.000231
XCD 3.186029
XCG 2.119986
XDR 0.815487
XOF 655.705124
XPF 119.331742
YER 281.108453
ZAR 18.909381
ZMK 10611.493248
ZMW 22.272444
ZWL 379.604401
  • RBGPF

    0.1000

    82.5

    +0.12%

  • RIO

    0.7500

    97.09

    +0.77%

  • GSK

    -0.8444

    59.52

    -1.42%

  • AZN

    -2.2500

    204.2

    -1.1%

  • RYCEF

    0.4000

    18.2

    +2.2%

  • BTI

    1.0900

    62.08

    +1.76%

  • CMSC

    0.0100

    23.96

    +0.04%

  • NGG

    0.0100

    90.28

    +0.01%

  • RELX

    0.4700

    31.46

    +1.49%

  • VOD

    0.1200

    15.65

    +0.77%

  • CMSD

    0.0400

    23.8

    +0.17%

  • BP

    -0.3308

    38.18

    -0.87%

  • BCC

    -2.2500

    82.13

    -2.74%

  • BCE

    0.2300

    25.8

    +0.89%

  • JRI

    0.0800

    13.13

    +0.61%

Trump talks tough on China, but early focus elsewhere
Trump talks tough on China, but early focus elsewhere / Photo: Jim WATSON - AFP

Trump talks tough on China, but early focus elsewhere

Voicing frustration over the lack of success in ending Russia's invasion of Ukraine, US Secretary of State Marco Rubio called for renewed focus on "our number-one geopolitical foe" -- China.

Text size:

"Not that a war in Ukraine is not important, but I would say what's happening with China is more important in the long term for the future of the world," Rubio told Fox News host Sean Hannity.

President Donald Trump's inner circle has long spoken of China as the arch-enemy, with some suggesting that ending the Ukraine war will free up resources to counter Beijing -- especially if it seeks to move on Taiwan.

Yet more than 100 days into Trump's term, observers also notice a surprising lack of attention on China. Trump has hit China hard with tariffs, but otherwise, there has been little by way of articulated strategy.

Rubio, who in his Senate confirmation hearing warned that China could affect "virtually everything that matters to us in life" within a decade, has yet to visit East Asia, focusing attention on Trump's priority of deporting mostly Latin American migrants as well as to diplomacy on Ukraine.

"I think that the White House thought that they'd be in a different place with China now than where they are," said Wendy Cutler, a former top US trade negotiator who is now vice president at the Asia Society Policy Institute.

Trump's tariff war "escalated so quickly that it's hard to unwind now," she said.

China, she said, is "playing a longer game" with President Xi Jinping rallying the population by blaming the United States for economic pain.

- Faith in Xi ties -

Trump is surrounded by reputed hawks such as Rubio, who is now also interim national security advisor, but Trump himself is transactional and appears "enamored with Xi Jinping," Cutler said.

"He thinks that they get along well, and that if it's leader to leader, they can figure out this relationship and put it back on track," she said.

The United States and China plan their first formal trade talks this week in Switzerland, over a month after Trump unveiled his sweeping levies.

Trump, who has vowed to remake the global economic system, has slapped 145 percent tariffs on products from China, which has responded with 125 duties on imports from the United States.

"Their economy is suffering greatly because they're not doing trade with the US," Trump told reporters Tuesday.

- 'Nuanced'? -

Trump has shown himself to be far more radical than in his first term on a host of issues. But he has shown signs of pragmatism on China, despite heated rhetoric against Beijing on the campaign trail.

David Perdue, a former senator and Trump's pick for ambassador to Beijing, wrote about China during the campaign that "America is at war" -- but in his confirmation hearing said that the US approach should be "nuanced, non-partisan and strategic."

Former president Joe Biden's administration also identified China as the top rival but sought to work together on targeted areas, such as fighting climate change and curbing fentanyl.

Yet the Biden administration also pursued a broader regional strategy of facing down China through alliances.

It began a shift of US forces in southern Japan and northern Philippines -- within proximity of Taiwan -- and pursued coalitions to reject the use of Chinese high-technology.

Trump has derided allies, especially in Europe, as freeloaders, and has hit even US friends with tariffs, although he relented at least temporarily on higher rates.

China has quickly reached out to Japan and South Korea, among the closest US allies, to explore a free-trade deal.

"By undercutting core US alliances and partnerships across Europe and Asia, he is reducing the leverage that the United States can bring to bear vis-a-vis China," said Ali Wyne, who follows China for the International Crisis Group.

He also questioned how the tariff war fit into a considered strategy on China, which now has an incentive to double down on achieving greater self-sufficiency and has been able to project itself as "a more stabilizing geopolitical force than the world's preeminent power."

"Despite his alleged friendship with Xi and his stated desire for the United States and China to collaborate more robustly, he has created a trade impasse from which neither leader has an easy face-saving off-ramp," Wyne said.

R.Schmid--NZN