Expert on China-US trade

CNC
Added On April 13, 2018

The director of European Centre for International Political Economy has said the recent trade friction is nothing unusual for international politics. 
 
SOUNDBITE(ENGLISH): HOSUK LEE-MAKIYAMA, Director of ECIPE 00:00-00:38
"My take on the situation is however that it will need to calm down to a negotiated solution between the all the parties and before we come to a conclusion, and this is not unprecedented. We've had a number trade friction between the EU and the United States as well as United States and China in the past five and 10 years and before that we had a number of issues for example with Japan and United States and therefore I think it is business as usual."
 
He said the US is playing a high-stakes game - and risks losing not just trade, but also its reputation.
 
SOUNDBITE(ENGLISH): HOSUK LEE-MAKIYAMA, Director of ECIPE
"In the case of United States, the biggest case to lose is not a question about maybe import and export or trade balances as a lot of people think, but it is also mostly a question about political capital in the sense that what the United States has most alerts from this conflict is that it will essentially show that it has no leverage left to basically to impose their wishes and will on the rest of the world."