Phil Levy writes: [O]n currency, the United States. needs to be careful what it asks for. If it wants a sharp appreciation, it won’t get it. China would be in no position to deliver, since $1 trillion proved insufficient to slow the decline. If the U.S. demands that China stop intervening, the Chinese could oblige and let the RMB plunge. In that case, the Trump administration might get what it asks for, but not what it wants. It remains to be seen whether the Trump administration will execute the traditional political pivot toward a more sensible policy. Yet another important Asia call for them to make. – Foreign Policy’s Shadow Government
Dan Blumenthal and Randall Schriver write: It is the height of cynicism to view U.S. relations with Taiwan and China in zero-sum terms. We can have good relations with both sides of the strait. The good news is that the Sino-American relationship has matured and has a solid foundation. Ironically, the people who seem willing to take the Tsai-Trump call in stride are Chinese Communist Party leaders. It appears that China is prepared for the United States to a return to strenuous advocacy on behalf of its interests and values. China will doubtless do the same. The work of diplomacy will be managing our differences, including on Taiwan, in ways that do not lead to conflict. – The National Interest
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