Poor US Initiatives in Asia to Counter China’s Belt and RoadPosted: July 31, 2018
U.S. Secretary of State Mike Pompeo’s predecessor Rex Tillerson planned to use so-called Quad to contain China militarily, but India is not willing to confront China while Japan wants better access to China’s vast market. As a result, Tillerson’s Quad dream was broken.
Now, Reuters says in its report “Wary of China’s rise, Pompeo announces U.S. initiatives in emerging Asia”, “U.S. Secretary of State Mike Pompeo announced $113 million in new technology, energy and infrastructure initiatives in emerging Asia on Monday, at a time when China is pouring billions of dollars in investments into the region.”
What Pompeo wants? Experts believe that Pompeo wants to counter China’s Belt and Road initiative, but if the US invests in energy and infrastructure just as China’s Belt and Road has been doing. The US is joining China’s Belt and Road as China welcomes others to join it.
Others may use the energy and infrastructure built under the Belt and Road initiative while China can also use those US invests in Asia as Pompeo says he wants a “free and open” Asia.
China can use the energy and infrastructure to move its labor-intensive industries to the “free and open” Asia, but the US has no such industries to move there. It means that the US will make investment solely to facilitate China’s resistance against Trump’s tariff hikes on its exports.
What is Pompeo doing? It is really puzzling.
If the US wants to contain China, resumption of its participation in TPP will be much more effective.
Do you think the US may win the trade war with such commanders?
Comment by Chan Kai Yee on Reuters’ report, full text of which can be viewed at https://www.reuters.com/article/us-usa-trade/wary-of-chinas-rise-pompeo-announces-u-s-initiatives-in-emerging-asia-idUSKBN1KK0V5.