Clete Willems on U.S.-China relations under Biden

first_img– Advertisement – Bilateral relations between the world’s two largest countries have deteriorated significantly over the last few years due to a trade war, U.S. sanctions against Chinese companies, and increased American support for Taiwan as well as India.Trump and his administration have blamed China for its unfair trade practices, intellectual property theft, and more recently, the coronavirus pandemic.Willems pointed out that the “phase one” trade deal between the two countries addressed some of the concerns the U.S. has over China’s practices. To rein in an 18-month trade war, both countries signed a trade agreement this year that pushed China to strengthen its intellectual property protection plan and increase its purchase of American manufacturing, energy and agricultural goods and services over two years.“If you look at the agricultural market access, if you look for the IP changes, that was some real meaningful stuff and I think that will be a lasting legacy,” Willems said. He added that export controls imposed on Chinese tech giant Huawei, which was labeled a national security risk by Washington, sent the firm into survival mode.“There’s clearly been some successes to point to. I do think that in a lot of respects, there’s a long way to go,” he said, adding that he hopes that if Biden wins, the former vice president can “pick up the torch” from Trump and deal with some of the major issues concerning China that have yet to be addressed. When asked if there was a chance that the U.S., under a Biden administration, may rejoin the massive Trans-Pacific Partnership trade agreement, Willems pointed out the deal faced bipartisan opposition in Congress. While Biden may potentially look at the agreement again, there would need to be renegotiation of some of the provisions before the U.S. considers rejoining the pact, according to Willems.   Being tough on China is what unifies a polarized United States right now, according to former top White House trade negotiator Clete Willems.A day after Americans voted, the race between President Donald Trump and Democratic nominee Joe Biden is still up in the air — with six states yet to be called by NBC News.Regardless of who takes the White House, the relationship with China will remain more or less status quo, said Willems, a partner at Akin Gump.- Advertisement – “The truth of the matter is that being tough on China is what unifies us in a polarized nation right now. We’re polarized in our politics but we are not polarized on China,” he told CNBC’s “Squawk Box Asia” on Thursday.Willems said that if Biden wins, he would be constrained by the political environment and will unlikely go back to some of the China positions he held in the past that were seen as relatively weak.Still, there would likely be more predictability in Biden’s policies. “You’re not going to have tweets announcing tariffs in the middle of the night kind of thing, but overall the trajectory is going to be more or less the same. I think China is going to have to deal with that reality moving forward,” Willems said.- Advertisement –center_img – Advertisement – President Donald Trump speaks during a campaign rally at Manchester-Boston Regional Airport in Londonderry, New Hampshire on October 25, 2020. Democratic Presidential candidate and former Vice President Joe Biden delivers remarks at a voter mobilization event in Cincinnati, Ohio, on October 12, 2020.Getty Imageslast_img read more

Wednesday people roundup

first_imgCapital Cranfield Trustees – Martin Flavell and Stella Girvin have joined the independent trustee company as client directors. Flavell has previously worked at BAE Systems, Plessy and GEC-Marconi but joins from Italian tech company Finmeccania, where he was UK head of human resources. Girvin spent 14 years with Travis Perkins as pensions manager and, more recently, head of compliance and standards before her move. She began her career at Mercer and in May was appointed to the board of the Standard Life Master Trust. Northern Trust – Bo Thulin has been named head of the custodian bank’s Nordic business, joining from JP Morgan. Thulin was previously JP Morgan’s head of investor services for Sweden and Norway but will expand his remit into Finland and Denmark as part of the new role, where he will report to the head of institutional investor group EMEA Penelope Briggs.State Street Global Advisors – Altaf Kassam has been named head of EMEA investment strategy and research. He joins from MSCI but has also worked at UBS Investment Bank, Deutsche Bank and Goldman Sachs.Standard Life Investments – Peter in de Rijp has been named investment director for the Benelux. In this newly created position, he is to focus on business development, working with the company’s Dutch investment director Johan Langerak. In de Rijp joins from SEI Investments, where he was managing director of client services, joining in 2006 as managing director of sales for the Netherlands. Prior to this, In de Rijp was senior account manager at Fortis Investments and account manager at AMEV Pension Fund Services. PensionsEurope, European Parliament, ACPR, Angelo Gordon, MAN Group, Aviva Investors, Comac Capital, Capital Cranfield, Northern Trust, JP Morgan, State Street, MSCI, Standard Life, SEI InvestmentsPensionsEurope – Pekka Eskola has joined the European industry group as economic adviser. Eskola joins from the European Parliament, where he spent nearly nine years as economic and policy adviser to its vice-president and other MEPs on matters of economic governance and social protection. He replaces Thomas Montcourrier, who left PensionsEurope in October after four years to join ACPR, the French Prudential supervisory authority. The association last week announced that the managing director of Shell’s Dutch pension fund, Janwillem Bouma, had been elected as its chairman, replacing Joanne Segars.Angelo, Gordon & Co – Jenny Morton has been named head of consultant relations, joining the alternative investment manager from MAN Group. At Man, she was global head of consultant relations and has held similar roles at Putman, Fidelity International and Boston Partners Asset Management.Aviva Investors – Michael Grady has been named senior economist and strategist, joining from Comac Capital. Grady, who will be based in London, has previously worked for the Bank of England, where he was senior manager in the markets directorate.last_img read more

Legislation, new health center to affect USC students

first_imgExperts discussed health care at USC and how recent legislation could affect students at a panel hosted by the Graduate Student Government on Wednesday.According to Dr. Larry Neinstein, executive director of the University Park Health Center and associate dean of student affairs, total visits to the health center each year have risen from 30,000 in 1995 to 90,000. The number of students insured by USC has also risen from 3,000 students in 1995 to 22,000.Expansion · Dr. Larry Neinstein, executive director of the University Park Health Center, said USC wants to expand insured dental services. – Chris Roman | Daily TrojanThe new health center facility is expected to open next January, allowing all health care services to be located in the same vicinity.“Having that new building will really help. Right now, all the medical services are all over the place, and it’s confusing,” said Adriana Ardy, a graduate student studying public health.Neinstein said the health canter provides a number of services for students, including unlimited primary and urgent care, labs, radiology, physical therapy, specialty clinics, health promotion and counseling.Rynicia Wilson, a graduate student studying law, said the health center could better inform students about these services.“It would help to make students aware of what benefits [they are] entitled to,” Wilson said. “The only reason I know about them is because I was an undergrad here. I just know that as a grad student, I get a bill that says health insurance, and I pay it.”Students at the event also said university dental care was not comprehensive enough. Neinstein said the university is hoping to increase dental benefits to those with USC health insurance next year.Paula Swinford, director of the Office for Wellness and Health Promotion, also emphasized a new initiative, Be Well USC, which was introduced in April 2011. The campaign focuses on wellness, health promotion and prevention.[Correction: A previous version of this article said Paula Swinford is the director of Health Promotion and Disease Prevention, an academic department. She is the director of the Office of Wellness and Health Promotion. The Daily Trojan regrets the error.]“The program is really a collaborative effort,” Swinford said. “There are things that have nothing to do with health care that will determine whether or not you are healthy.”Panelists addressed how students will be affected by the Patient Protection and Affordable Care Act, the health care act signed by Obama in March 2010. Under the new law, young adults will be able to stay on a parent’s health insurance roughly until the age of 26.“This is a very important provision because if you look at the data, the highest percentage [of uninsured people] are in the young adult category, and you can imagine why,” said Dr. Michael Cousineau, director for the center of community health studies. “Students graduate, get their degrees, they’re going to be competing, they might not get a job right away in this economy. If they have to pay for a plan themselves, they are not going to want to shell out $300 a month when they’re trying to get their feet on the ground.”Also, the advent of the Health Benefit Exchange, an online government program that is part of the PPACA and is still under construction, would allow for businesses to easily provide health insurance for employees. An  easier method of selecting health care plans could benefit students entering the workforce, Cousineau said.last_img read more