Trade negotiations between China and the U.S. have been going through ups and downs, with tariffs being levied back and forth. Starting September, new tariffs from both sides will go into effect while another round of trade talks is scheduled in Washington.
Responding to questions about the impact of the tariffs on the U.S. economy, Neil Bush, the son of late former President George H.W. Bush and founder and chairman of Bush U.S.-China Relations Foundation, has pointed out that jobs aren't being stolen from the U.S. and tariffs are not creating more jobs.
"Most of the jobs that are lost, as I understand, are from technological advances, the automation processes in the rust belt, that's a natural evolution," said Bush in an exclusive interview with CGTN.
In regard to President Trump's goal to drive businesses out of China, Bush believes it will never happen.
Despite the current tariffs, Bush believes that there's some chance for a deal to be struck. If issues such as easier market access could be addressed, it will be huge benefits to both China and the United States.
"The relationship between the U.S. and China... has benefited both countries hugely over the last 40 years since normalization of the relations. And there's no reason we shouldn't keep that going," Bush said.
He elaborated on the unprecedented economic success in the U.S. and China for the past four decades. "Our per capita GDP has risen very rapidly. The Chinese have gone from basically being in poverty... to now the second-largest economy in the world. Someday, not too distant future, [China] will be the largest economy in the world. It's inevitable, and there's nothing wrong with that."
Bush also explained his father's style of leadership that focuses on deeper engagements and dialogues. In his father's era, China and the U.S. put themselves more in the shoes of the other side. They didn't make assumptions but dealt with the reality in a respectful and thoughtful way.
"I do argue that if you can do it in the way of my father, former president George H.W. Bush, this will be a lot more tranquil. There will be a lot more peace and harmony, and we'll be moving closer and closer to collaboration, not confrontation," Bush stated.