This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.rt.com/business/497146-trump-china-reagan-soviet-union/

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Trump could do to China what Reagan did to Soviet Union, if he wins second term – economics professor tells Boom Bust Trump could do to China what Reagan did to Soviet Union, if he wins second term, economics professor tells Boom Bust
(about 1 hour later)
Beijing says it will not accept Washington’s “smash and grab” policy of trying to force the sale of Chinese social media app TikTok. It’s warned it will retaliate against what it calls “theft.”Beijing says it will not accept Washington’s “smash and grab” policy of trying to force the sale of Chinese social media app TikTok. It’s warned it will retaliate against what it calls “theft.”
RT’s Boom Bust talks to John Quelch, Dean of Miami Herbert Business School, about the two countries’ tussle over TikTok and the future of their relationship.RT’s Boom Bust talks to John Quelch, Dean of Miami Herbert Business School, about the two countries’ tussle over TikTok and the future of their relationship.
“The level of Chinese investment in the United States is only $5-$6 billion, but the level of US investment in China is about $120 billion. So, in terms of a potential retaliation by Beijing, there are a lot of US assets in China that could be potentially confiscated in a tit-for-tat escalation,” he says.“The level of Chinese investment in the United States is only $5-$6 billion, but the level of US investment in China is about $120 billion. So, in terms of a potential retaliation by Beijing, there are a lot of US assets in China that could be potentially confiscated in a tit-for-tat escalation,” he says.
Quelch adds that current US-China relations look like “a multifaceted downward spiral,” which is certain to continue through to November.Quelch adds that current US-China relations look like “a multifaceted downward spiral,” which is certain to continue through to November.
“I think, were President Trump to secure a second term, there are some people who would say his major objective would be to do to China what Ronald Reagan did to the Soviet Union,” he said. However, the situation would then be "very much tougher... He’s nervous about what might happen as this perpetual sequence of upsets continues to deteriorate in what is the most important bilateral relationship in the world.”“I think, were President Trump to secure a second term, there are some people who would say his major objective would be to do to China what Ronald Reagan did to the Soviet Union,” he said. However, the situation would then be "very much tougher... He’s nervous about what might happen as this perpetual sequence of upsets continues to deteriorate in what is the most important bilateral relationship in the world.”
For more stories on economy & finance visit RT's business sectionFor more stories on economy & finance visit RT's business section