Preventing a Trade War

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis Preventing a Trade War by : Sebastian Płóciennik

Download or read book Preventing a Trade War written by Sebastian Płóciennik and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trade War

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ISBN 13 : 9780997887150
Total Pages : 208 pages
Book Rating : 4.8/5 (871 download)

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Book Synopsis Trade War by : Lori Ann LaRocco

Download or read book Trade War written by Lori Ann LaRocco and published by . This book was released on 2019-11-13 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The multi-front trade war, which started with solar panels and washing machines, quickly expanded to additional battles: the 232 action on Aluminum and Steel imports, Intellectual Property, Autos, and Immigration. As a result, retaliatory tariffs were imposed and the flow of global trade the world once knew was changed. Headlines reporting the China tariffs "on hold," "truces announced" as well as threats of additional tariffs being imposed, continue to feed the uncertainty which would send the markets to historic highs and dramatic selloffs.So how can one get a sense of the true status of trade and the good faith being pledged by countries like China?Through the trade flows!With ninety percent of the world's economy moved by maritime transport, the ocean highway is the best way for anyone to gauge the status of trade talks as well as monitor the flow of trade. Remember, the two phrases your mom said when you were a teen: "talk is cheap" and "actions speak louder than words?" Well, when it comes to the world of shipping, that is the action being taken. Best-selling author Lori Ann LaRocco takes readers inside the world of global trade and shows us: Containers and tankers don't lie.Let's cut through the political rhetoric and see what the tea leaves of maritime are telling us, as well as the strategies some business leaders are employing to navigate the trade wars.

Trade War

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Publisher : Independently Published
ISBN 13 : 9781077230750
Total Pages : 68 pages
Book Rating : 4.2/5 (37 download)

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Book Synopsis Trade War by : Aryeh Ksah

Download or read book Trade War written by Aryeh Ksah and published by Independently Published. This book was released on 2019-06-30 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dawn Of The World War III?!!!Throughout history, trade wars have been common, but with most instances being between China and US. Up to date, the US has launched the famous "Section 301 investigations" since 1991 against China, specifically probing into the areas of unfair trade barriers, intellectual property rights and clean energy. During these investigations (in the past), both countries have naturally turned to tariffs as their means of retaliation. Nonetheless, these conflicts ended up being resolved through diplomatic means (such as using WTO's dispute settlement mechanism to settle a compromise).Before the most recent round of investigation that triggered the current wave of eruptions, the last investigation was done in September 2010. The Obama administration began an investigation into China's subsidy policies as well as the investment in green technologies following a petition filed by the United Steelworkers. This investigation targeted subsidies given to over 150 Chinese companies in solar energy, wind energy, alternative fuel vehicles and high-performance batteries, which were (allegedly) in violation of World Trade Organization's policies. Before the investigations escalated into a trade war, the US did apply for consultations within WTO's dispute framework in December 2010, and China accepted to revise the subsidy policies. When Donald Trump assumed office, the White House evidently took a tough stance on trade policies; this was even before the trade war between China and the US broke out. In June 2017, President Trump started investigations on the import of aluminum and steel- as always, for 'national security reasons.' Given the huge aluminum and steel production capacity in China, there are enough reasons to believe that the investigation and the subsequent extra tariffs were initiated to target China. In 2018, the trade disagreements between China and the US increased in both scale and frequency, with the US repeatedly imposing anti-dump duties or tariffs on Chinese imports. In March 2018, President Trump signed an executive memorandum, which launched a 'section 301 investigation' into the intellectual property practices of China and threatened to issue additional tariffs on the country's imports. The trade tensions escalated. Could this trade war trigger World War III? Here Is A Preview On The Shocking Revelations To Prepare Yourself For World War III Chapter I: A Background Of The Trade War Chapter II: The Most Likely Reasons For The Friction, And The Escalation Of The Trade War Chapter III: A Possible World War 3 Chapter IV: The Impact Of The Trade War Globally Right Before An All-Out Trade War Or World War 3 Chapter V: The Possible Long Term Consequence From A Different Standpoint: A Global Remake Who Will Win?! And Much Much More........ Download this book right away and soon you will find yourself troubling picking a side

The Benefits of a Trade War

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Publisher :
ISBN 13 : 9781986371841
Total Pages : 250 pages
Book Rating : 4.3/5 (718 download)

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Book Synopsis The Benefits of a Trade War by : Trade China

Download or read book The Benefits of a Trade War written by Trade China and published by . This book was released on 2018-03-09 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bestseller in the category: Trade War Trade wars are good and easy to win. Donald Trump's tweet sums up, what is opposed by too many so-called 'experts' nowadays. In this book you will read about all the beneftis, that trade wars offered in the past and will do in the future, about why they are actually good and why they are easy to win. Reader's opinions: "I always thought, the freer the market, the more benefits for all involved parties. I really never imagined, that there are so many good reasons for a trade war and protectionism." - Paul Rone, Professor for world trade systems of the east and west "Let us go for a trade war China and Europe won't be able to stop us - let this book explain you, why." - Matt Piece, creationist "Donald Trump's US politics in an age of uncertainty is exactly what we need right now - I read the book twice." - Stewey Bendon, author My posts on twitter are hard enough for me to read, the literary level of this book is kinda high - still on page 10." - Dolan Turp, hotel manager "Trump's foreign policy is no foreign policy for the left or the right, it is foreign policy for America! This book gives all the answers, why Trump should lead us into a trade and tariff war with the whole world!" - Rick Tillton, pensioner Please note, that this book contains only blank pages Bestseller in the categories: trade war, trade war china, china trade, tariff wars and the politics of jacksonian america, us politics in an age of uncertainty, foreign policy for the left, world trade systems of the east and west

Schism

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Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 1928096867
Total Pages : 249 pages
Book Rating : 4.9/5 (28 download)

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Book Synopsis Schism by : Paul Blustein

Download or read book Schism written by Paul Blustein and published by McGill-Queen's Press - MQUP. This book was released on 2019-09-10 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's entry into the World Trade Organization (WTO) in 2001 was heralded as historic, and for good reason: the world's most populous nation was joining the rule-based system that has governed international commerce since World War II. But the full ramifications of that event are only now becoming apparent, as the Chinese economic juggernaut has evolved in unanticipated and profoundly troublesome ways. In this book, journalist Paul Blustein chronicles the contentious process resulting in China's WTO membership and the transformative changes that followed, both good and bad - for China, for its trading partners, and for the global trading system as a whole. The book recounts how China opened its markets and underwent far-reaching reforms that fuelled its economic takeoff, but then adopted policies - a cheap currency and heavy-handed state intervention - that unfairly disadvantaged foreign competitors and circumvented WTO rules. Events took a potentially catastrophic turn in 2018 with the eruption of a trade war between China and the United States, which has brought the trading system to a breaking point. Regardless of how the latest confrontation unfolds, the world will be grappling for decades with the challenges posed by China Inc.

Trade Wars are Class Wars

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Publisher : Yale University Press
ISBN 13 : 0300244177
Total Pages : 292 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis Trade Wars are Class Wars by : Matthew C. Klein

Download or read book Trade Wars are Class Wars written by Matthew C. Klein and published by Yale University Press. This book was released on 2020-01-01 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This is a very important book."--Martin Wolf, Financial TimesA provocative look at how today's trade conflicts are caused by governments promoting the interests of elites at the expense of workers Longlisted for the 2020 Financial Times & McKinsey Business Book of the Year Award "Worth reading for [the authors'] insights into the history of trade and finance."--George Melloan, Wall Street Journal Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. In this thought-provoking challenge to mainstream views, the authors provide a cohesive narrative that shows how the class wars of rising inequality are a threat to the global economy and international peace--and what we can do about it.

Trade War

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ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Trade War by : Steven Schlossstein

Download or read book Trade War written by Steven Schlossstein and published by . This book was released on 1984 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trade War With China

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Publisher : Independently Published
ISBN 13 : 9781072636274
Total Pages : 236 pages
Book Rating : 4.6/5 (362 download)

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Book Synopsis Trade War With China by : Tony Pow

Download or read book Trade War With China written by Tony Pow and published by Independently Published. This book was released on 2019-06-07 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: I bet we will have a trade war with China. It will be at least during Trump's presidency. We have trade wars with many countries including EU, Japan and even Mexico. Our allies eventually would side with China even they suffer from their own trade war. Russia would trade more with China and could be a military ally.Chapter 1 states my predictions and my reasons. The next chapters describes impacts to us, China and rest of the world. There are not winners between the countries involved in the trade war. However, there are a few winners such as Vietnam, Ericsson and Nokia.The next chapters describe why the trade war is started and the two most affected companies: Huawei and Apple.There are selected chapters from other books I wrote included here as part of this book. They are: Book 2: "Can China Say No?"Book 3: "Understand ourselves and China".Book 4: "Global economies". The following are some highlighted articles from these books.-"Can China Say No?" Book 2 Chapter 1.-"Shenzhen". Book 2 Chapter 5.-"The myths on China". Book 3. Chapter 1.-"Actions to fix our problems". Book 3. Chapter 2.-"Consumption vs. investing". Book 3 Chapter 3.-"My economic theories". Book 4 Chapter 28.-"My coconut theory". Book 4 Chapter 29.Many U.S. books are very hawkish on China. They make U.S. citizens feel good as they are what they want to hear. Chinese are in the opposite side. I hope my book is in the middle. I try to find out facts and express them with my opinions. I'm not a US basher. US is still the leader in most sectors such as economics, science, military and politics. China has been reducing the gaps in the last 30 years. My personal wealth is tied up in the US stock market, so I hope the US would prosper. Being a US citizen born in Hong Kong, US is first to me and China second. We have less problems than China. However, if we do not know our problems, how can we fix them? Several articles including the article "Actions to fix our problems" suggest how to fix our problems.Many researches in this book are opinions from many sources. Most sources from established U.S. and EU media such as Economist are more unbiased. I find CGTN, an English-speaking, Chinese TV network is informative and less biased. Many YouTube videos from Hong Kong in Cantonese are neutral in China topics. Many opinions are gathered from reputable U.S. magazines. I translate their opinions and include some in this book.Size: 235 pages (6*9).Initial date: 06/2019

The Politics and Economics of the US-China Trade War

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Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Politics and Economics of the US-China Trade War by : Deborah L. Swenson

Download or read book The Politics and Economics of the US-China Trade War written by Deborah L. Swenson and published by . This book was released on 2019 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The US declared trade war after substantial defections from the internationalist (in geo-strategy and economics) lobby in US politics to a new coalition between conflict-is-inevitable proponents and anti-globalization activists. Many internationalist businesses changed sides after experiencing disappointments on economic fronts including China's non-compliance with some of its WTO obligations; China's acquisition of foreign technology at lower-than-expected prices; and the serious inadequacies in the WTO's governance of global trade. Many of the disillusioned internationalists have given too much weight to the contribution of globalization to negative developments in the US labor market, and too little weight to the role of powerful capital-biased technological changes and to the inadequacies of state-provided programs for social insurance and human capital formation. Resolution of the trade war and prevention of its frequent occurrence will become more likely when (a) China adopts much greater reciprocity in its economic engagement with the advanced countries despite its status as a developing country under WTO rules; and (b) US stops equating geostrategic competition with economic competition; recognizes that economic dynamism and economic resilience comes from strengthening indigenous innovation capability rather than from holding China back technologically; and institutes social programs to significantly reduce the trauma that is created by frequent job changes. Deep reform of WTO is urgently needed but is unlikely to happen in the medium run. For the medium-run, the US should mobilize country cooperation in regional settings (like the TPP) to introduce policy innovations to serve as templates for a re-designed WTO architecture, and to harness collective market power to be used in future negotiations on WTO reform.

Trade Policy Priority One

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Trade Policy Priority One by : Daniel J. Ikenson

Download or read book Trade Policy Priority One written by Daniel J. Ikenson and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: An emerging narrative in 2012 is that a proliferation of protectionist, treaty-violating, or otherwise illiberal Chinese policies is to blame for worsening U.S.-China relations. China trade experts from across the ideological and political spectra have lent credibility to that story. Business groups that once counseled against U.S. government actions that might be perceived by the Chinese as provocative have changed their tunes. The term “trade war” is no longer taboo. The media have portrayed the United States as a victim of underhanded Chinese practices, including currency manipulation, dumping, subsidization, intellectual property theft, forced technology transfer, discriminatory “indigenous innovation” policies, export restrictions, industrial espionage, and other ad hoc impediments to U.S. investment and exports. Indeed, it is beyond doubt that certain Chinese policies have been provocative, discriminatory, protectionist, and, in some cases, violative of the agreed rules of international trade. But there is more to the story than that. U.S. policies, politics, and attitudes have contributed to rising tensions, as have rabble-rousing politicians and a confrontation-thirsty media. If the public's passions are going to be inflamed with talk of a trade war, prudence demands that the war's nature be properly characterized and its causes identified and accurately depicted. Those agitating for tough policy actions should put down their battle bugles and consider that trade wars are never won. Instead, such wars claim victims indiscriminately and leave significant damage in their wake. Even if one concludes that China's list of offenses is collectively more egregious than that of the United States, the most sensible course of action -- for the American public (if not campaigning politicians) -- is one that avoids mutually destructive actions and finds measures to reduce frictions with China.

Geopolitics, Supply Chains, and International Relations in East Asia

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Publisher : Cambridge University Press
ISBN 13 : 110883356X
Total Pages : 321 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis Geopolitics, Supply Chains, and International Relations in East Asia by : Etel Solingen

Download or read book Geopolitics, Supply Chains, and International Relations in East Asia written by Etel Solingen and published by Cambridge University Press. This book was released on 2021-05-06 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible overview of political, economic, and strategic dimensions of global supply chains in a changing global political economy.

The Collapse of Global Trade, Murky Protectionism, and the Crisis

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Publisher :
ISBN 13 : 9781907142239
Total Pages : 112 pages
Book Rating : 4.1/5 (422 download)

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Book Synopsis The Collapse of Global Trade, Murky Protectionism, and the Crisis by : Richard E. Baldwin

Download or read book The Collapse of Global Trade, Murky Protectionism, and the Crisis written by Richard E. Baldwin and published by . This book was released on 2011-03 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.

Cracking the China Conundrum

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Publisher : Oxford University Press
ISBN 13 : 0190630043
Total Pages : 289 pages
Book Rating : 4.1/5 (96 download)

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Book Synopsis Cracking the China Conundrum by : Yukon Huang

Download or read book Cracking the China Conundrum written by Yukon Huang and published by Oxford University Press. This book was released on 2017-06-22 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's rise is altering global power relations, reshaping economic debates, and commanding tremendous public attention. Despite extensive media and academic scrutiny, the conventional wisdom about China's economy is often wrong. Cracking the China Conundrum provides a holistic and contrarian view of China's major economic, political, and foreign policy issues. Yukon Huang trenchantly addresses widely accepted yet misguided views in the analysis of China's economy. He examines arguments about the causes and effects of China's possible debt and property market bubbles, trade and investment relations with the Western world, the links between corruption and political liberalization in a growing economy and Beijing's more assertive foreign policies. Huang explains that such misconceptions arise in part because China's economic system is unprecedented in many ways-namely because it's driven by both the market and state- which complicates the task of designing accurate and adaptable analysis and research. Further, China's size, regional diversity, and uniquely decentralized administrative system poses difficulties for making generalizations and comparisons from micro to macro levels when trying to interpret China's economic state accurately. This book not only interprets the ideologies that experts continue building misguided theories upon, but also examines the contributing factors to this puzzle. Cracking the China Conundrum provides an enlightening and corrective viewpoint on several major economic and political foreign policy concerns currently shaping China's economic environment.

A Better Alternative to a Trade War

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Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis A Better Alternative to a Trade War by : Lawrence J. Lau

Download or read book A Better Alternative to a Trade War written by Lawrence J. Lau and published by . This book was released on 2018 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reducing the U.S.-China trade deficit through the imposition of tariffs on Chinese exports to the U.S. risks retaliatory tariffs by China. The net result may be an involuntary reduction of trade between them, which lowers the aggregate welfare in both countries. It will be lose-lose. Moreover, the most likely net outcome of these new country-specific tariffs is the substitution of imports from China by imports from other countries on the part of U.S. importers. Thus, while the U.S. trade deficit with China falls, its trade deficit with other countries will rise. The overall U.S. trade deficit with the rest of the world will not be significantly altered. Almost all economists agree that the aggregate U.S. trade deficit with the rest of the world cannot be reduced without a corresponding reduction in the U.S. investmentsaving imbalance, taking the U.S. real GDP as given. However, there is an exception: if there is an autonomous (unanticipated) increase in the demand for exports from the U.S. which increases the real GDP of the U.S. in the process, it is possible for the U.S. trade deficit to be reduced. Indeed, huge potential exists for the U.S. to substantially increase its exports of agricultural commodities, energy, and education and tourism services to China. Finally, we address the question of what constitutes “fair trade”. There does not seem to be a generally accepted economic definition of “fairness”. Any completely voluntary and non-coercive trade at the prevailing market price should be regarded as “fair”

Dilemmas of a Trading Nation

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Publisher : Brookings Institution Press
ISBN 13 : 0815729200
Total Pages : 176 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Dilemmas of a Trading Nation by : Mireya Solis

Download or read book Dilemmas of a Trading Nation written by Mireya Solis and published by Brookings Institution Press. This book was released on 2017-08-01 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The balancing of competing interests and goals will have momentous consequences for Japan—and the United States—in their quest for economic growth, social harmony, and international clout. Japan and the United States face difficult choices in charting their paths ahead as trading nations. Tokyo has long aimed for greater decisiveness, which would allow it to move away from a fragmented policymaking system favoring the status quo in order to enable meaningful internal reforms and acquire a larger voice in trade negotiations. And Washington confronts an uphill battle in rebuilding a fraying domestic consensus in favor of internationalism essential to sustain its leadership role as a champion of free trade. In Dilemmas of a Trading Nation, Mireya Solís describes how accomplishing these tasks will require the skillful navigation of vexing tradeoffs that emerge from pursuing desirable, but to some extent contradictory goals: economic competitiveness, social legitimacy, and political viability. Trade policy has catapulted front and center to the national conversations taking place in each country about their desired future direction—economic renewal, a relaunched social compact, and projected international influence. Dilemmas of a Trading Nation underscores the global consequences of these defining trade dilemmas for Japan and the United States: decisiveness, reform, internationalism. At stake is the ability of these leading economies to upgrade international economic rules and create incentives for emerging economies to converge toward these higher standards. At play is the reaffirmation of a rules-based international order that has been a source of postwar stability, the deepening of a bilateral alliance at the core of America's diplomacy in Asia, and the ability to reassure friends and rivals of the staying power of the United States. In the execution of trade policy today, we are witnessing an international leadership test dominated by domestic governance dilemmas.

The Economics of the World Trading System

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Publisher : MIT Press
ISBN 13 : 9780262524346
Total Pages : 244 pages
Book Rating : 4.5/5 (243 download)

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Book Synopsis The Economics of the World Trading System by : Kyle Bagwell

Download or read book The Economics of the World Trading System written by Kyle Bagwell and published by MIT Press. This book was released on 2004-08-20 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: World trade is governed by the rules of the World Trade Organization (WTO), the successor to the General Agreement on Tariffs and Trade (GATT). The WTO sets rules of conduct for the international trade of goods and services and for intellectual property rights, provides a forum for multinational negotiations to resolve trade problems, and has a formal mechanism for dispute settlement. It is the primary institution working, through rule-based bargaining, at freeing trade. In this book, Kyle Bagwell and Robert Staiger provide an economic analysis and justification for the purpose and design of the GATT/WTO. They summarize their own research, discuss the major features of the GATT agreement, and survey the literature on trade agreements. Their focus on the terms-of-trade externality is particularly original and ties the book together. Topics include the theory of trade agreements, the origin and design of the GATT and the WTO, the principles of reciprocity, the most favored nation principle, terms-of-trade theory, enforcement, preferential trade agreements, labor and environmental standards, competition policy, and agricultural export subsidies.

The United States, China, and Taiwan

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Publisher : Council on Foreign Relations Press
ISBN 13 : 9780876092835
Total Pages : 102 pages
Book Rating : 4.0/5 (928 download)

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Book Synopsis The United States, China, and Taiwan by : Robert Blackwill

Download or read book The United States, China, and Taiwan written by Robert Blackwill and published by Council on Foreign Relations Press. This book was released on 2021-02-11 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taiwan "is becoming the most dangerous flash point in the world for a possible war that involves the United States, China, and probably other major powers," warn Robert D. Blackwill, Council on Foreign Relations (CFR) Henry A. Kissinger senior fellow for U.S. foreign policy, and Philip Zelikow, University of Virginia White Burkett Miller professor of history. In a new Council Special Report, The United States, China, and Taiwan: A Strategy to Prevent War, the authors argue that the United States should change and clarify its strategy to prevent war over Taiwan. "The U.S. strategic objective regarding Taiwan should be to preserve its political and economic autonomy, its dynamism as a free society, and U.S.-allied deterrence-without triggering a Chinese attack on Taiwan." "We do not think it is politically or militarily realistic to count on a U.S. military defeat of various kinds of Chinese assaults on Taiwan, uncoordinated with allies. Nor is it realistic to presume that, after such a frustrating clash, the United States would or should simply escalate to some sort of wide-scale war against China with comprehensive blockades or strikes against targets on the Chinese mainland." "If U.S. campaign plans postulate such unrealistic scenarios," the authors add, "they will likely be rejected by an American president and by the U.S. Congress." But, they observe, "the resulting U.S. paralysis would not be the result of presidential weakness or timidity. It might arise because the most powerful country in the world did not have credible options prepared for the most dangerous military crisis looming in front of it." Proposing "a realistic strategic objective for Taiwan, and the associated policy prescriptions, to sustain the political balance that has kept the peace for the last fifty years," the authors urge the Joe Biden administration to affirm that it is not trying to change Taiwan's status; work with its allies, especially Japan, to prepare new plans that could challenge Chinese military moves against Taiwan and help Taiwan defend itself, yet put the burden of widening a war on China; and visibly plan, beforehand, for the disruption and mobilization that could follow a wider war, but without assuming that such a war would or should escalate to the Chinese, Japanese, or American homelands. "The horrendous global consequences of a war between the United States and China, most likely over Taiwan, should preoccupy the Biden team, beginning with the president," the authors conclude.