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The President’s Inbox

China Reacts to Trump’s Election, With Zoe Liu (Transition 2025, Episode 7)

The President’s Inbox

Council on Foreign Relations

Politics, News:politics, News

4.5698 Ratings

🗓️ 17 December 2024

⏱️ 35 minutes

🧾️ Download transcript

Summary

Zoe Liu, the Maurice R. Greenberg Senior Fellow for China Studies at CFR, sits down with James M. Lindsay to discuss how Trump’s victory is being viewed in China and what his presidency will mean for the future of U.S.-China economic relations. This episode is the seventh in a special TPI series on the U.S. 2025 presidential transition and is supported by the Carnegie Corporation of New York.   Mentioned on the Episode   Zongyuan Zoe Liu, Sovereign Funds: How the Communist Party of China Finances Its Global Ambitions   Zongyuan Zoe Liu, “Why China Won't Give Up on a Failing Economic Model,” Foreign Affairs    For an episode transcript and show notes, visit The President’s Inbox at: https://www.cfr.org/podcasts/tpi/china-reacts-trumps-election-zoe-liu-transition-2025-episode-7

Transcript

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0:00.0

Welcome to the President's Inbox. I'm Jim Lindsay, the Mary and David Boys Distinguished Senior Fellow in U.S. foreign policy at the Council on Foreign Relations.

0:12.2

This is the seventh episode in a special presidential transition series here on the President's Inbox.

0:17.9

From now until inauguration day, I am sitting down with experts to

0:22.4

unpack who will staff the Donald Trump administration and how it will likely approach the many

0:27.9

foreign policy challenges it faces. This week's topic is China reacts to Trump's election.

0:49.4

Whitney discuss what Trump's return to the White House means for U.S.-Chinese relations, particularly their economic relations, is Zoe Liu.

0:52.7

Zoe is the Marisa R. Greenberg Senior Fellow for China Studies

0:56.3

here at the Council on Foreign Relations. Her work focuses on international political economy,

1:02.3

global financial markets, and critical mineral supply chains. Her writings include her

1:07.8

2023 book, Sovereign Funds, How the Communist Party of China Finances its Global Ambitions,

1:15.3

in a recent piece for Foreign Affairs Magazine titled, Why China Won't Give Up on its Failing Economic Model.

1:22.6

Soie, thank you for joining me on the president's inbox.

1:25.1

Jim, thank you very much for having me.

1:27.2

Listen, I want to jump right in and begin a sort of the president's inbox. Jim, thank you very much for having me. Listen, I want to

1:27.8

jump right in and begin a sort of the big macro question. What has reaction been in Beijing to

1:34.8

Donald Trump's election? Toward, not surprised. And forward, not surprised, not happy. Okay. I understand why they're not surprised. Why is Beijing not happy?

1:49.3

There are two perspectives, I guess, why Beijing is not necessarily happy.

1:54.0

First is that the Biden administration has stabilized the U.S. China relationship with the emphasis on putting guardrails, reducing

2:03.7

uncertainties, but the return of President Trump to the White House means everything is going to be

2:10.3

uncertain. And the second point is that since President Trump came into office during his

2:17.1

first term, he increased the tension

2:20.3

on trade and technology issues, making these two issues a very thorny part of the relationship.

...

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