Category Archives: Trade

US Trade Leverage Against China: An Interview with the Coalition for a Prosperous America

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Journal of Political Risk, Vol. 9, No. 10, October 2021

The image depicts two Maersk-Sealand 40' containers stacked on top of one another. Train tracks are visible in the background.

China Shipping – Maersk-Sealand 40′ Containers, Quebec, Canada, 2018. Source: Wikimedia.

Anders Corr, Ph.D.
Publisher of the Journal of Political Risk

This interview with Michael Stumo, the CEO of the Coalition for a Prosperous America, was conducted between October 5-6 via email.

Corr: Why and when did the Coalition for a Prosperous America begin?

Stumo: CPA started in 2008. Domestic manufacturers, farmers, ranchers and workers agreed that the biggest threat to their well being, and that of the economy, was the large, persistent US trade deficit.

Corr: How is Biden’s ally focus going for him on the issue of trade with China? Is Biden’s outreach to allies helping him on this issue?

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Yemen: Carnage or Strategy? What is the War Really About?

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Journal of Political Risk, Vol. 9, No. 3, March 2021

Map of Yemen's insurgency, according to published reports. Pink: Controlled by Hadi-led government. Green: Controlled by Revolutionary Committee. Tan: Controlled by Southern Transitional Council. White: Controlled by Ansar al-Sharia/AQAP forces. Grey: Controlled by the Islamic State of Iraq and the Levant (ISIL). Blue: Controlled by local, non-aligned forces like the Hadhramaut Tribal Alliance. Salmon: Controlled by forces loyal to Ali Abdullah Saleh.

Map of Yemen’s insurgency, according to published reports. Pink: Controlled by Hadi-led government. Green: Controlled by Revolutionary Committee. Tan: Controlled by Southern Transitional Council. White: Controlled by Ansar al-Sharia/AQAP forces. Grey: Controlled by the Islamic State of Iraq and the Levant (ISIL). Blue: Controlled by local, non-aligned forces like the Hadhramaut Tribal Alliance. Salmon: Controlled by forces loyal to Ali Abdullah Saleh. Source: Ali Zifan.

William R. Hawkins
Former U.S. House Foreign Affairs Committee member

Every new President is challenged by foreign adversaries early in their term to test how U.S. policy may change with a new administration. Iran did not wait long to send its proxies into combat against American forces and allies. In Iraq, Shiite militia groups launched rockets attacks which wounded several Americans. On February 26, President Joe Biden sent air strikes against several related militia targets in Syria in retaliation. This seemed a continuation of President Donald Trump’s policy of muscular deterrence inaugurated by the drone strike that killed Maj. Gen. Qassem Suleimani, commander of Iran’s Quds Force, while he was meeting with Iraqi militia leaders on January 3, 2020. President Biden sent a further message of deterrence to Tehran with a show of force by two B-52 strategic bombers escorted by Israeli fighters. The connection was important because an Israeli ship docked in Dubai was bombed by terrorists suspected of working for Iran on February 25.  

In Yemen, Iran’s proxy Houthi rebels have stepped up attacks by drones and ballistic missiles against Saudi Arabia, targeting both population centers and oil industry targets. Every few days, another barrage is launched. On March 7, Houthi Brigadier Yahya Sareea claimed the group had fired 14 drones and eight missiles at Ras Tanura, one of the world’s biggest oil ports, and other targets near their border. In retaliation, the Saudi-led coalition fighting the Houthi renewed their air campaign in Yemen with strikes at the rebel-held capital of Sana’a and other key targets. The coalition had pulled back on their air strikes due to pressure from the U.S., but restraint by Riyad and Washington has only encouraged the rebels. Continue reading →

Defeating China: Five Strategies

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Journal of Political Risk, Vol. 8, No. 4, April 2020

Fighter jets of the U.S. Navy Blue Angels demonstration squadron fly over the Lincoln Memorial during the Fourth of July Celebration 'Salute to America' event in Washington, D.C.

Fighter jets of the U.S. Navy Blue Angels demonstration squadron fly over the Lincoln Memorial during the Fourth of July Celebration ‘Salute to America’ event in Washington, D.C., U.S., on Thursday, July 4, 2019. Source: Official White House Photo by Joyce N. Boghosian.

By Anders Corr, Ph.D.
Publisher of the Journal of Political Risk

Since 1989, when China massacred thousands of its own people in Tiananmen Square to stop a pro-democracy protest, the country has arguably grown into the world’s most powerful and centralized state. China’s GDP by purchasing power parity (PPP) is approximately $25.4 trillion, while the U.S. GDP PPP is only about $20.5 trillion.[1] One man, Chinese President Xi Jinping, has almost total control of China’s economy and a leadership position for life. China’s authoritarian system, most recently, allowed the COVID-19 virus to become a pandemic. By the time it is controlled, it may have killed up to millions of people.

Compared to Xi Jinping, political leaders in democracies have comparatively little economic power. U.S. President Donald Trump, for example, has only partial control of the smaller (by purchasing power parity when compared to China) U.S. economy, and must be reelected in 2020 to continue his tenure for a maximum of an additional four years.

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Forget Presidential Politics: Sri Lanka’s Green Movement Is Its Best Hope Against China

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Journal of Political Risk, Vol. 7, No. 11, November 2019

An image of a construction site taken from above. Yellow vehicles and temporary houses are visible, while the background is desert-like.

Construction at the site of a Chinese-funded 1.4 billion USD reclamation project in Colombo on December 5, 2017.
Half of the reclamation project to build Colombo Financial City, previously known as Colombo Port City, has been completed, with Sri Lanka hoping to turn it into an international financial centre with special laws protecting foreign investment. Source: Wikimedia Commons.

Bertie Harrison-Broninski
Editor of The Civil Society Review

Sri Lanka, like many countries in the Belt and Road Initiative (BRI), is not powerful enough to resist China on political or economic grounds – but hope lies in its burgeoning environmental movements.

This Saturday (November 16th), Sri Lankans go to the polls to elect a new president. The frontrunners are Sajith Premadasa, current Minister for Housing, Development, and Cultural affairs, and Gotabhaya Rajapaksa, the ruthless military leader who played a large part in defeating the ‘Tamil Tigers’ during Sri Lanka’s civil war. Both have family ties to ex-presidents: Premadasa’s father, Ranasinghe, was president 1989-1993, and Rajapaksa’s brother, Mahinda, was from 2005-2015.

International media has largely focused on the geopolitical implications of the Rajapaksas regaining power. Mahinda Rajapaksa is seen as a key player in initiating China’s current economic ‘debt trap’ over Sri Lanka, which has now led to 99-year leases on territory around Hambantota Port and Colombo, where China is constructing an entire ‘Port City’. A President Gotabhaya Rajapaksa would rightly be seen as a return to China-friendly Sri Lankan foreign policy after President Maithripala Sirisena’s more US-aligned years in office. Continue reading →

War In The Taiwan Strait Is Not Unthinkable: Some Will Lose More Than Others

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Journal of Political Risk, Vol. 7, No. 11, November 2019

A still taken from a Chinese news broadcast. Three men are visible against a sandy background. Characters can be seen in red, white, and black at the bottom of the screen.

Screen capture of Chinese state media video of People’s Liberation Army (PLA) troops training for an assault on Taiwan’s presidential office. Pictured is a mock building at the Zhurihe military base in China, that mimics the actual building in Taipei. The video aired July 5, 2015. CCTV via Apple Daily.

Grant Newsham
US Marine Officer (Ret)

Whether anyone actually ‘wins’ a war is a philosophical debate.  The Germans and Japanese in 1945 might have thought wars do indeed have winners.  But perhaps it’s better said that in most conflicts some parties ‘lose more than others.’

Such would be the case if Beijing attempted to militarily subjugate Taiwan.  And Xi Jinping just might do so.  He declared in a January 2019 speech that “we (China) do not promise to renounce the use of force and reserve the option to use all necessary measures (to take Taiwan.)”[1]

The Battle for Taiwan would have truly global consequences, akin to the invasion of Poland by the Soviets and Germans in 1939.

However, much of the debate over a Taiwan Strait conflict focuses on preparation for and conduct of the PRC’s attack: whether Beijing will or won’t attack, what an attack might look like and Taiwan’s ability to defend itself, whether the US will or should get involved and whether it ought to sell Taiwan ‘this or that’ weapon.  Such discussion is useful, but the actual consequences and longer-term ripple effects of a fight over Taiwan deserve much more attention.[2]

This paper examines key aspects of what happens once the shooting starts, and the follow-on global economic and political effects.  The envisioned scenario is a full-scale PLA assault against Taiwan, but it’s worth noting that even a ‘limited’ assault–such as against one of Taiwan’s offshore islands–may not stay limited for very long: given Beijing’s oft-stated determination to take all of Taiwan, an off-shore island assault would only constitute a tactical objective in the march on Taipei, and would also have serious and wide-ranging political and economic consequences.

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