President Donald Trump is breaking with recent U.S. convention by portraying China as a rival that wants to undermine American prosperity. But it may take more than an aggressive tone to change the complex relationship between two economies that are joined at the hip.
In a new national-security strategy released Monday, the White House lumped China with Russia as powers seeking to "challenge American power, influence, and interests," and attempting to erode the country's security and prosperity. "We will attempt to build a great partnership with those and other countries, but in a manner that always protects our national interest," Trump said in a speech in Washington.
The new rhetoric contrasts with the more collaborative approach of former President Barack Obama, who courted China as an economic partner even as the U.S. asserted its military power in Asia.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.