Strategic Council Online: The most important cooperation potentials of the Economic Cooperation Organization (ECO) and the Regional Comprehensive Economic Partnership (RCEP) are: RCEP’s significant contribution to the global economy, the common interests of certain member states of both organizations in trade and economic war with the United States, and RCEP’s open doors to admit other economic organizations.
Strategic Council Online: If China reduces its investments and deposits in the United States it will inflict great losses on Washington; therefore, before this happens, Trump will be forced to make a compromise with China.
Ismail Bashari – China Affairs Expert
Strategic Council Online: A university lecturer on international relations says although German Chancellor Angela Merkel’s visit to China apparently portrays a picture of limited economic and political cooperation between the two countries, nonetheless, the event reveals that behind the scene, the world’s two big economic powers with their economic potential have declared an unannounced war against US President Donald Trump’s trade war. The negotiations held and the agreements reached between Berlin and Beijing too point to this very point.
Strategic Council Online: The trade war between China and the United States has been turned into a full-fledged dispute over the past several months; in recent weeks, the two sides have done everything in their power to push through the trenches to advance in this economic war.
Hamideh Safamanesh -International Relations Researcher
Strategic Council Online: Commenting on the US economy, a top expert on strategic issues, citing Washington’s 27 per cent budget deficit, said: “There is a significant risk to the US economy, and the important thing is that an outlook for a recession in the US economy has been created. And this has caused whispers of a recession not only in America but also in some European countries.”