The first topic Donald Trump mentioned when announcing his candidacy for president in June 2015 was China. “They kill us” on trade, he said, and promised to fix that.
Japanese Prime Minister Shinzo Abe is visiting U.S. President Donald Trump this week, their seventh meeting since Trump’s 2016 election victory. Abe was the first foreign leader to meet Trump, and the two countries’ military alliance has helped to sustain peace in East Asia for the past 60 years. This meeting, however, is likely to be more fraught than any others given Trump’s recent slights to the Japanese leader: Trump initially omitted Japan from the list of countries temporarily exempted from new trade tariffs, and didn’t alert Tokyo ahead of his decision to meet with North Korean leader Kim Jong Un.
［２６日 ロイター］ - 米国を除く環太平洋連携協定（ＴＰＰ）の参加１１カ国は先週、離脱した米国抜きで協定を前進させるため、アジア太平洋経済協力会議（ＡＰＥＣ）貿易相会合に合わせてハノイで閣僚会合を開催した。
Eleven American allies and friends met on the sidelines of the Asia-Pacific Economic Cooperation meeting in Hanoi last weekend in an effort to keep alive the Trans Pacific Partnership (TPP), the trade agreement they thought they had locked up with the United States last year. All the countries trade with China, which is not a TPP member, but none wants to be sucked into the China-centric future Beijing is trying to will to life through TPP-ish substitutes like the Regional Comprehensive Economic Program and “One Belt One Road” initiative.
This week’s meeting between U.S. President Donald Trump and Chinese President Xi Jinping probably won’t bring a major breakthrough in U.S.-China relations, which have been strained in recent years by Chinese military aggression, cyber crime and rising trade tensions, among other issues.
President Donald Trump kept one of his major campaign promises on Monday when he withdrew the United States from the Trans-Pacific Partnership. The ramifications of Trump’s decision are worrisome and, whether or not the withdrawal helps American workers, it would be helpful to U.S. standing in the region if he communicated better, and to a larger audience, exactly what he’s trying to do. I have lived and worked in Asia for 25 years. Feelings of uncertainty about the United States right now are palpable. People want to know what’s going on.
A warning from a travel guide has stayed with me since I started working in Asia 25 years ago. Don’t ever get in a fight in Thailand, where kickboxing is the national sport, the author advised, because locals jumping into the fray don’t care who’s right, they care who’s Thai. I’ve often thought that a white-collar version of that advice would be good for westerners thinking about doing business in mainland China.
For would-be criminals, the arrest of a colleague or a peer at another fund has a more personal, harrowing effect than the takedown of a less-relatable outlier like Steven Cohen.
Anyone who thinks insider trading is victimless need look no further than the painful story of John Kinnucan. Approached at his Oregon home late one afternoon in October 2010 by two FBI agents looking to get him to cooperate in cases against some of his hedge fund clients, he refused and instead went public, loudly, in a battle against what he called the "criminal activities" of federal agents pursuing him. Last month he pleaded guilty to one count of conspiracy and two counts of securities fraud. He will be sentenced in January and faces from 46 to 57 months under his plea arrangement. He has been in jail since February, unable to make $5 million bail.