Francesco Saraceno Profile picture
Italian economist #EMU #Euro #Macroeconomics #Policy Bluesky: https://t.co/nJKDuK5vMu #DiarioEuropeo per @DomaniGiornale Io ci metto nome e cognome. Voi?

Nov 8, 2018, 26 tweets

Today’s #nusp2018 student debate is on EU trade policy at times of trade wars. Should we side with Trump or with China (neither is not an option) Stay tuned!

The group arguing for siding with China will go first

China is turning into a major economic super power and it is opening to trade.

China is leading the growth in global investment (especially in emerging markets

Argoment 2 The Trump administration is erratic in its policies, with consequences going beyond the current administration

China is more stable, and ,in the long run, a more reliable partner

3 Gropolitically, more convergence with China (e.g., Paris agreements, Iran nuclear deal, commitment to multilateralism

The final outcome of siding with China could well be to force the US to backtrack from trade wars

Questions on values: China does not share EU values. Reply: impossible to overlook the role played by China in the world arena

The group argues that the main objective (short run) of trying to block the trade war can go hand in hand with the objective of stronger ties with China

The turn of group 2: Sidd with the US

Argument 1: Tumo is fighting our war as well, as China takes advantage of both

Argument 2: US Is our first trade partner, and we share values

China’s market access is still very hard for both US and EU companies

Theft of technology is current practice, with negative impact on technical progress

Political argument: our constitutional values are in line with the US’, but much less with China’s

We are military partners with the US within NATO.

Political argument: after an initial EU ( Germany) bashing, Trump has recently focused only on China

The alliance between US and EU is de facto already there, in spite of America’s president unraliability

Statements are over. The debate is launched

Group one argues that the US should not go after China unilaterally.

The also insist that the strategic convergence between EU and US may be ended by a Trump tweet

Question for US group: why a stricter partnership with the US would force China to complain with trade rules?

Group 1 insists that CH is the new economic superpower. Group 2 answers that China does well breaking trade rules.

From discussion emerges that the main weakness of pro China group is the fact that china’s non respect of rules would be curbed with stricter ties

The main weakness of the pro US group is failure to explain why should the EU side with a country that abandoned multilateralism

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