Stephen Roach Warns of Disaster From Our 'Sinophobic' China Policy
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 15 July 2024
⏱️ 55 minutes
🧾️ Download transcript
Summary
One of the rare areas of bipartisan consensus in the US right now is taking a tough line on China. We saw President Trump put tariffs on Chinese goods, and the Biden administration has only added to them. A second Trump administration may add to them even further. Meanwhile, we're increasingly placing export restrictions on various technologies, such as semiconductors. Stephen Roach, the former chairman of Morgan Stanley Asia and now a fellow at Yale Law School, foresees disaster from this. He sees an explosion of Sinophobia, with policymakers misreading China and ushering us into a new Cold War, where the risk of some kind of accidental conflict will inevitably rise. In this episode of the podcast, we talk about the current tensions, how they compare to the US-Japan trade tensions in the 1980s, and how things could go bad.
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| 1:18.7 | Hello and welcome to another episode of the Odd Lots podcast.'m Joe Wiesenthal and I'm Tracy |
| 1:24.4 | Alaway. Tracy you know when it comes to US trade tensions with China obviously |
| 1:30.3 | there are a number of people they sort of reach back for the fear and the anxiety of |
| 1:35.2 | trade with Japan in the 80s but I have to say like I don't actually know much |
| 1:39.8 | about that I wasn't paying that much attention to trade policy when I was seven years old or |
| 1:45.1 | nine years old and stuff that's very disappointing even though I'm aware I know even |
| 1:49.3 | though I'm aware that that was a thing and probably some of the concerns particularly about automobile specifically and the threat to Detroit and all that was popular the way it is popular now. |
| 1:58.7 | I actually know very little of that story. |
| 2:00.7 | Don't you watch movies from the 1980s? There are quite a few villains from love that |
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