Biden’s BIG Misconception of China; Trade War: Taiwan and China Aim for CPTPP Acceptance

Today we look at the biggest trade showdown in Asia. It is a struggle to allow Taiwan into the CPTPP. It’s a pacific trade agreement where both “Chinas” want to be a part of. China applied to join the partnership to be alongside other free-market economies like Japan and Canada. But Taiwan applied days later to compete with China. I ask economist and author Clyde Prestowitz on the likelihood and the political implications behind the moves by Taiwan and China.  As well, I discuss the increasing awareness of China’s role as an aggressor in the economic and political front; if the US is recognizing the facets of the threat by the Chinese Communist Party; and how to better work with Taiwan. Plus, a detailed look at the concept of “rules-based order” was repeated constantly by the Biden administration. What is it, and how practical is it against China’s idea of competition? In the race overpower and technology, what is the misconception that Biden has on China?