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Wednesday, November 18, 2020 13:15 PM (GMT + 7)
Former US President Barack Obama said he could launch a trade war with China if the global financial crisis of 2008-2009 did not occur.
Obama’s visit to China in 2009 when he was president of the United States.
China’s role in the recovery of the world economy after the 2008-2009 financial crisis has “hampered” Obama’s ability to deal with China’s violation of international trade rules.
“I couldn’t launch a trade war in 2009 or 2010. At that time, I needed the cooperation of China, Europe and any other potential growth engine to jumpstart the economy. global economy, “Obama said in an interview with The Atlantic.
Obama added that “it is completely justified to be tougher on China on trade issues.”
In his recently released memoir A Promised Land, Obama shares China’s plan to stimulate a record $ 586 billion economy to support the global economy after the crisis. panic.
Obama said this is why he finds it difficult to hold Beijing accountable for “breaking the rules of international trade.”
That year, the Chinese government pledged to work with Western economies to overcome the consequences of the financial crisis.
“To get us and the rest of the world out of a crisis, we need China’s economy to grow, not a recession. I want to make sure we don’t start a trade war to propel us. The world fell into recession and had a negative impact on workers, “Obama said.
During his visit to China in 2009, Obama also raised issues related to “significant trade imbalance” and “currency manipulation and other unfair behavior by China.”
Then the Chinese side asked Obama to provide a list of products that he wants China to buy more to reduce the trade deficit.
“I have the feeling that I am negotiating in the market instead of negotiating trade policy between the two largest economies in the world,” said the former US president.
Launching a trade war with China is the main policy that US President Donald Trump has established since entering the White House in 2016. Trump imposed additional tariff barriers on Chinese exports. The United States, by forcing China to sign a trade agreement, promised to buy more American products.
It’s unclear whether US President-elect Joe Biden will continue to adopt tough trade policy with China like the Trump era.
Source: http: //danviet.vn/ong-obama-neu-ly-do-khong-phat-dong-chien-tranh-thuong-mai-voi-tq-nhu-ong-trum …
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