More than anything, a new administration is an opportunity for restoring confidence in the U.S. economy through greater transparency in how the financial system works and through new regulations that assure that such a crisis will not happen again. On Wednesday, December 10, at 12:30 PM, Brookings Senior Fellow Martin Baily answered questions in a web chat moderated by Politico‘s Fred Barbash about fixing our troubled economy.
Every Wednesday at 12:30 EST between the election and the inauguration, Brookings experts and editors from Politico will host “The Scouting Report,” a live web chat discussing pressing issues facing our president-elect.
I think some people are overreacting — the people who say, oh this is the end of the U.S.-China relationship as we know it. That’s not necessarily true. They could be lenient to Trump and treat Taiwan differently. We need to know a lot more and we shouldn’t pre-judge the situation but we shouldn’t trivialize it either.
I think the scratches on the oracle bone suggest that they may be more lenient with Trump than with Tsai Ing-wen. We have already seen examples of ways that Beijing is pressuring the Tsai administration because it has not complied with Beijing’s demands about the 1992 consensus.