Title: Eurasia Group Warns of Impending US-China Trade War as Trump Returns
Introduction:
Ian Bremmer, founder and president of Eurasia Group, predicts a heightened risk of a trade conflict between the United States and China in 2023.
Trump's Trade Agenda:
President Trump has vowed to impose tariffs on China, Mexico, and Canada. However, reports suggest that Trump may not implement immediate tariffs but instead outline his trade vision.
China's Position:
Bremmer believes that China is less inclined to compromise due to its current economic challenges, leading to a potential trade war. Unlike Mexico and Canada, China is less likely to negotiate a quick settlement.
TikTok's Role:
The fate of TikTok, a Chinese-owned app, adds complexity to US-China relations. Trump's intention to extend its reprieve contradicts legislation upheld by the Supreme Court, raising questions about his authority.
G-Zero Order:
Bremmer also highlights the emergence of a "G-Zero" order, where no dominant power drives the global agenda. In this environment, powerful individuals and corporations may act with impunity, leading to potential disruptions.
Implications:
Bremmer warns that a trade war with China has the potential to escalate, highlighting the need for careful diplomacy. The ongoing uncertainty surrounding TikTok further complicates the relationship between the two countries.