Beware trade wars becoming cold wars
Not a day passes now in Washington without officials, lawmakers and pundits warning that America we need to prepare for the coming global confrontation with China
WHEN discussing the history of the Cold War with students during a class on American diplomacy, I always stress that unlike the other two World Wars of the 20th century, we cannot pinpoint a date on which the geo-strategic confrontation between the United States and the Soviet Union started - or for that matter, ended.
Did it all begin when the Soviet Union, violating agreements signed with the Western countries, forced communist regimes on Poland, Hungary and Czechoslovakia?
Or when US President Harry Truman pledged during a speech to Congress on July 12, 1948, to contain Soviet threats in Greece and Turkey - what became known as the Truman Doctrine?
When Nato (the North Atlantic Treaty Organization), a US-led military alliance aimed at containing the Soviet Union and its sa…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access
China’s better economic growth hides reasons to worry
In AI-copyright battle, an existential crisis emerges
Europe shows diversifying from China’s economy is hard to do