March 31, 2018 – The German-language {China.org} journal interviewed “German China expert Stephan Ossenkopp” two days ago, on the question of the U.S. Import tariffs against China. He said that the continuous, successful and most of all peaceful rise of China is making those western elites nervous that do not want to give up their hegemony in international trade regulations. Punitive tariffs and investment bans will however not change this historic trend. The time of unilateral global systems is past, he said.
The time of unilateral global systems is past
The enormous trade deficit of the USA viz. China is the result of a paradigm change of the US economy away from investments in innovative infrastructure and production, but into speculative financial products, Ossenkopp explained. If Trump really wants to make America strong again, he should reactivate the Glass-Steagall Act, end the disastrous Wall Street speculation and revitalize his infrastructure and space program with a focus on technologically advanced industrial production.
Trump, Ossenkopp added, should utilize the chances offered by the Silk Road initiative, to bring the USA back on the right track with investments in the real economy.
