The China-Russia partnership is a highly consequential geopolitical alignment driven by a shared goal of countering U.S. hegemony and reshaping the international order into a multipolar system. While not a formal alliance, this relationship is strengthened by Russia's increasing economic reliance on China following Western sanctions, which allows Beijing to leverage its influence. Policymakers should note that while the partnership projects deep solidarity (as seen in high-level summits), it remains complex and limited by mutual mistrust and competing strategic interests. This enduring alignment poses a significant challenge to U.S. interests and requires continued diplomatic vigilance.
Evaluating Trump’s Trade Policy on Trump’s Criteria
English Summary
The CFR assessment finds that Trump's trade policy presents a mixed picture, with modest reductions in the goods trade deficit but a slow rebound in manufacturing's share of the economy. Key challenges include the persistent uncertainty surrounding tariff rates, which hinders the multi-year capital investments necessary for reshoring and reindustrialization. For the policy to achieve its goals, the administration must establish stable, predictable tariff structures and abandon traditional principles like Most-Favored-Nation (MFN) treatment. Ultimately, achieving investment certainty is critical for the U.S. to successfully boost domestic manufacturing and stabilize its trade relationship with key partners.
中文摘要
美國戰略與國際事務委員會（CFR）的評估指出，川普的貿易政策呈現複雜局面：雖然貨品貿易逆差有所縮減，但製造業佔經濟的比重卻緩慢反彈。主要的挑戰包括關稅稅率的不確定性持續存在，這阻礙了實現產業回流和再工業化所需的多年期資本投資。若政策要達成目標，政府必須建立穩定且可預測的關稅結構，並放棄最惠國待遇（MFN）等傳統原則。最終，達成投資確定性對於美國成功提升國內製造業並穩定與主要貿易夥伴的關係至關重要。
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