Master Class: “Trump vs. China: from currency wars to trade wars.”

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President Trump has come to shake things up. He is convinced that the current world order is not benefiting the US and that China is the biggest winner of the globalisation process. In order to change this he has imposed, or threatened to impose, tariffs on Chinese and other countries’ products. While his anger hasn´t even spared traditional allies like the EU, Canada and Mexico, China seems to be his main target. Not only for having a huge trade surplus vis-à-vis the US but also because it is rapidly catching up in technological capacity, thanks partly to intellectual property theft from western companies. China, however, might retaliate in kind and we might witness a trade war between the two superpowers. How damaging would such a war be? How should the EU and other countries react to such a scenario? Is Trump convinced that protectionism is good or is this just a strategy to open up the Chinese market to American products and services? Prof. Otero-Iglesias will try to give answers to all these questions.

MIGUEL OTERO-IGLESIAS | Professor of Practice at IE University
Miguel is a Senior Analyst in International Political Economy at Elcano Royal Institute, Senior Research Fellow at the EU-Asia Institute at ESSCA School of Management in France, and former visiting fellow at the Institute of World Economics and Politics (IWEP) at the Chinese Academy of Social Sciences in China.

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