US Risks ‘Forever’ Trade War With China, Roach Says

Stephen Roach, Senior Fellow at Yale Law School and former Morgan Stanley Asia chairman, discusses his concerns about US trade policy toward China and his latest assessment of the Chinese economy. He speaks with Yvonne Man, David Ingles and Stephen Engle on "Bloomberg: The China Show."
--------
More on Bloomberg Television and Markets


--------
More on Bloomberg Television and Markets


Connect with Bloomberg Television on:

Connect with Bloomberg Business on:

More from Bloomberg:


Watch more on YouTube:

[hpmoxie]

One of the few times Bloomberg allows somebody to tell truth

[gzx]

Tariff is a hidden tax, but unlike tax it is politically favorable.

[joey]

US doesn't want free trade when they can't compete... and 'Rule-based order' is the new fashion🤣🤣🤣

[unifieddynasty]

Hong Kong's wealth came from funnelling and facilitating trade between mainland China and the first world. With China's opening up, Hong Kong's decline in prominence was inevitable. But this does not mean that Hong Kong is going to cease to be important.

[thejeffinvade]

Green technology Overcapacity? We need all the capacity we can get to limit climate change
🎉🎉nice to hear that from an American

[minibobjhu]

Finally, a guest who owns common sense and knowledge…rare these days on Anglo-Saxon media when covering China

[mysticalwind]

I only wished US politicians had some common sense like this man.

[nerenahd]

So rare to see a rational person like this gentleman these days. It's a shame 50%+ of the US population won't listen.

[CanTho]

“ALL politicians have NEVER taken an economic class!!” That is soooo true!! 😂

[polysporin]

tarrifs are BS. BYD new car that can go 2000km on a single tank of gas, for $14k.
that is what the US is missing out on.
Everyone in the US is used to paying a high price on cars, with lower technology.

[peterroberts]

Simple, avoid the US as much as you can.

[amatuer]

Roach is an excellent guest. Glad he came on the show . And his statement " that not many politicians have taken an economic course " is spot on!

[williamlee]

The problem with the USA & Europe is that they don't know their basic Economic principles of Comparative advantage. China gets things done whereas other countries in the West have to debate everything before they do anything.

[godzillamothra]

China is resetting its economy, gone the growth model that rely on property bubble, and export oriented economic model is also being restructured gradually to more domestic consumption based and high value added export oriented model. China knew that free trade is facing headwind, so the old model of exporting low margin goods is unsustainable. That's why China is investing heavily in new industrial revolution, like renewable energy, robotics, chips, 5G, etc. Of course it won't be painless, there will be a lot of strain and pain for the next 10 years.

For HK, HK need to remember, it is a gate to China first and foremost. Without China, HK is a gate to nowhere. Needless to say, HK prosperity is tied to China. For the past few decades, HK have practiced unbridled capitalism that brought wealth to HK, but also high inequality, especially in housing sector. This inequality created resentment toward central gov. There is an easy way to solve the housing problem, let HKers who can't afford housing to purchase housing in Mainland. Pearl Delta River Region integration is the solution to HK problem. But this will take time.

[daoistwanderer]

U.S. is losing time with missteps after missteps. From industrial policies to trade to geopolitics. While at home mired by all sorts of problems from immigration, border security, gun control, education and dilapidated infrastructure. Americans are suffering.

[usmankhalid]

As a American citizen, i am just thinking why 🇺🇸 have problem with every single country on this planet earth🌏. Just why bro 😕.

[olliejohnson]

America needs more people like Stephen Roach who knows what he's talking about.

[richlau]

The only high paying job in the world that does not need qualification is govt ministers.

[yuppyhoo]

Finally, an adult in the room.
The US needs to:
- invest in STEM education to grow its manufacturing industries so as to export more.
- reduce overseas military bases to reduce the deficit

[thomasrogers]

THERE IS A HUGH DIFFERENCE BETWEEN POLITICIANS AND LEADERSHIP. AMERICA HAS POLITICIANS AND CHINA HAS LEADERS.