Newsroom / Panel Discussion on 30 January 2019

Panel Discussion on 30 January 2019

Panel Discussion on 30 January 2019

"America First" and the global trade order

Against the backdrop of current geopolitical and economic tensions, the Austrian Chinese Institute of Economics and Science (ACIES), LANSKY, GANZGER + Partner and the Austrian-Russian Friendship Society (ORFG) hosted a panel discussion on the restructuring of international trade relations between the USA, China and Europe. Following a brief welcome by ORFG President Richard Schenz, political advisor and strategist David Metzner (American Continental Group Analytics - he advises the US government on US-Chinese relations), investment banker Michael Dirnegger, lawyer Gabriel Lansky (a proven expert on the markets in the successor states of the former Soviet Union and in China) and Russia expert Florian Stermann discussed the subject. The panel discussion "The trade war between the USA, China and Europe - in the area of tension between rapprochement and escalation" focused on the motives, goals and tactics of the actors in the trade conflict and the threatening effects on the world economy. The invitation to the Palais Kaiserhaus was accepted by around 200 interested parties from politics and Business.

Dirnegger, Lansky and Stermann bring long-standing advisor to the U.S. government to a panel discussion on the Trump era trade order.

Not a trade war, but strategic competition

Before the discussion, policy expert David Metzner provided key data on the Trump administration's US trade policy. China and the United States were not in a trade war, but in a "strategic competition". While China's economic growth, which is still high by international standards, is slowing down, the US economy is growing faster than it has for a long time. Trump is endowed with "a real mandate from the voter" who wants change. From an American point of view, a "deal" with China is more likely than one with Europe.

"Advantage USA"

 Investment banker Michael Dirnegger points to the "comfortable situation" of the USA in competition with China: Despite the trade deficit, the United States is at an advantage and "will use the situation". China has a problem with over-indebtedness, which is clearly illustrated by the example of the real estate market. "The economic power number one does not want its number two to dispute the rank. What we are currently seeing is a normal confrontation," says Dirnegger. Both sides are responsible.

No termination of international standards

Lawyer Gabriel Lansky advocates multilateralism, as formulated by Head of State Xi Jinping, and warns against hasty judgments. "Own political interests must not be pushed through under the guise of the rule of law. I don't want a world in which people who don't fit into the system are arrested," the lawyer said, alluding to the arrest of the Huawei CFO. "In the post-World War II period, a number of universal standards of international norms and jurisprudence developed that are also in the interest of the USA. I consider the current practice of terminating international agreements to be "very critical".

200 interested parties in discussion with David Metzner

The invitation to the panel discussion "The trade war between the USA, China and Europe - in the field of tension between rapprochement and escalation" at the Palais Kaiserhaus (Vienna) was accepted by around 200 interested parties from politics and business.

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