The Folly of Decoupling From China – with Abraham Newman

On May 14, U.S. President Donald Trump threatened to break the United States’ economic relationship with China. “There are many things we could do,” he told Fox Business host Maria Bartiromo. “We could cut off the whole relationship. Now if you did, what would happen? You’d save $500 billion.” It was Trump’s most extreme anti-China rhetoric to date, but it wasn’t out of step with the mood in Washington. Both Republicans and Democrats agree that China has transformed from a competitor into an adversary, and perhaps even an enemy.

As tensions have mounted as a result of the

Henry Farrell and Abraham Newman, “The Folly of Decoupling From China,” Foreign Affairs (online), June 3, 2020.

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The Wrong Way to Punish Iran with Abraham Newman

During the war on terror, the United States quietly turned the world financial system into a hidden empire. The American government used the power of the dollar and its influence over obscure organizations such as the Swift financial messaging service to monitor what its adversaries and terrorists were doing and, in some cases, to cut ...
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Weaponized Interdependence – with Abraham Newman

In May 2018, the US Administration announced that it was pulling out of the Joint Comprehensive Plan of Action agreement on Iran’s nuclear program, reimposing sanctions. Most notably, many penalties do not apply to US firms, but to foreign firms that may have no presence in the US; the sanctions are consequential in large part because ofUS importance to the global financial network.This unilateral action by the US ...
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