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CNN Fareed Zakaria GPS June 4, 2024 17:22:00

Aggression in geopolitical terms around the globe, and we can talk more about that. but that s the kind of stuff doesn t mean 100% decoupling. when i was on the campaign trail in pennsylvania, i d go into one place a manufacturer point, they say, listen, china, the globalization is killing is china s killing us. we got to stop the trade. i go to another and it was a harley davidson supplier, and they say, wait a second. china is a big market harley davidsons, so i think there s a trade and investment that we can continue to have with china. it just can t be strategic in a way that undermines u. s interest. so what do you describe? david strikes me as it very sensible strategic decoupling investing in the united states trying to make sure that you have restrictions on on certain kinds of investments. it sounds like the biden administrations china policy. so what? what is what is joe biden doing that? although what he seems to be already be doing what you re advocating. i don t think so. ....

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CNN Fareed Zakaria GPS June 4, 2024 14:23:00

Strategic decoupling investing in the united states trying to make sure that you have restrictions on on certain kinds of investments. it sounds like the biden administrations china policy. so what? what is what is joe biden doing that all the what? he seems to be already be doing what you re advocating. i don t think so. so on two fronts , the premise of my book, superpower and peril is that were in decline. but decline is a choice and so was renewal s when you have an agenda to really deal with declining home by educating our people by confronting china and really securing the country, and there s two pieces to the china strategy. one is go to the gym at home and the way we do that is through reforming our education system through technology policy that makes sure we remain. leaders continue have leadership. and through and ensuring that we protect our data. but then in terms of china , we need to reduce dramatically this dependence and i don t think there s been a comprehensive hold ....

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CNN Fareed Zakaria GPS June 4, 2024 17:05:00

Going to investigate companies doing business in china. which means any ceo with exposures to that market could be subpoenaed and cross examined. and don t forget. china has domestic politics as well. she s tough line against america is popular in a country that is quite nationalist. decoupling is already happening, as the peterson institute shows. the strong trade numbers actually mask of fall off in u. s. exports to china because of inflation, the dollar value of the goods has risen even while volume is flat or falling. companies like apple are searching for ways to diversify out of china. general motors earnings in china have fallen by almost 70% since 2014 some of this is a healthy diversification, reducing excessive dependencies on china. but the real question is where are we headed? if these trends continue and accelerate, which seems quite likely. we could see ....

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CNN Fareed Zakaria GPS June 4, 2024 17:04:00

The administration seems to have recognized this danger and they re trying to send some conciliatory signals. secretary of commerce gino raimondo has often said that the united states does not want an economic decoupling from china. last four, she said. we need to continue to do business with china and trade with china supports american jobs. this week in a major speech on china , treasury secretary janet yellen called for constructive relationship between the two countries. she stressed that the american tech curbs on china were not designed to stop china from growing but have been imposed solely for national security reasons to prevent the chinese military from gaining parody or an edge over america. but the administration s carefully crafted surgical china policy lives in washington, a town not known for nuance. the republican primaries promised to become a festival of china bashing. representative mike gallagher s china committee has already announced that it is ....

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CNN Fareed Zakaria GPS June 4, 2024 14:22:00

China. second we need to put investment restrictions in place that stopped venture capital firms in the silicon valley. from investing in artificial intelligence companies that work with the chinese military or the chinese communist party. that s madness. given that we believe i believe at least that china is an adversary. the third thing we need to do is be much more proactive about creating the right kinds of alliances to check china s aggression, its aggression in geopolitical terms around the globe, and we can talk more about that. but that s the kind of stuff doesn t mean 100% decoupling. when i was on the campaign trail in pennsylvania, i d go into one place a manufacturing plant. they say. listen you know, china , the globalization is killing us. china s killing us. we got to stop the trade. i go to another and it was a harley davidson supplier, and they say, wait a second. china is a big market harley davidsons, so i think there s a trade and investment that we can continue to ....

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