Tag Archives: china

The Price of Power: Are Tariffs America’s Modern Military Blunder?

“Never interrupt your enemy when he is making a mistake.” – Napoleon Bonaparte

Throughout history, pivotal moments have reshaped the global balance of power—not only through military conflict but also through strategic missteps in policy, diplomacy, and economics. A recent History Hit article highlights some of the greatest military mistakes in history, such as Crassus’ catastrophic defeat at Carrhae, where overconfidence, misjudgment of the enemy, and environmental ignorance led to one of Rome’s most humiliating losses. These cautionary tales echo eerily in today’s geopolitical landscape, especially in the realm of economic warfare.

As the United States doubles down on protectionist policies and tariffs—particularly under the current administration—there’s a growing concern that this approach may not just harm short-term trade balances but fundamentally alter the global power hierarchy.

The Tariff Trap: Echoes of Strategic Overreach

Crassus believed a swift strike against the Parthians would cement his legacy and expand Roman power. But what followed was a lesson in hubris: his troops, ill-prepared for desert warfare and blindsided by superior Parthian tactics, were decimated. The battle didn’t just cost Rome a legion; it shifted the balance of power in the East and emboldened one of its greatest rivals.

Fast-forward to today’s economic theater, and we see the U.S. taking a similarly aggressive stance—this time not with legions, but with tariffs. Aimed largely at China, but also impacting allies and neutral states, these tariffs are designed to correct trade imbalances and protect domestic industries. Yet, critics argue they may have the opposite effect: damaging global supply chains, triggering retaliatory measures, and accelerating the rise of alternative trade blocs that exclude the U.S.

A Self-Inflicted Isolation?

Just as Crassus underestimated the adaptability and strength of the Parthians, the U.S. may be underestimating how quickly other nations can pivot. Countries like China, India, Brazil, and members of the European Union are increasingly forging their own trade alliances, investing in regional self-sufficiency, and moving away from reliance on U.S.-dominated systems like the dollar-based financial architecture.

The unintended result? The U.S. risks isolating itself in a multipolar world. Much like the Roman Empire found itself checked by Parthian resistance, the U.S. could face a world where its economic leverage is no longer unquestioned. Tariffs might win temporary concessions but lose the longer war of global influence.

When Economic Warfare Backfires

Military historians often point to a failure to adapt as the root cause of strategic disasters. In economic terms, adaptation means recognizing the limits of unilateral action in a globalized world. While the administration’s tariffs may play well to domestic audiences—just as Crassus’ ambition did among the Roman elite—the global repercussions could be severe.

Already, we’re seeing fractures: foreign investment pulling away, key allies distancing themselves, and strategic rivals forming new coalitions. As with the Roman-Parthian conflict, a misstep now may not seem fatal—but it could catalyze a power shift that becomes irreversible.

The Rise of Alternative Power Centers

Historically, economic pressure campaigns have often led to innovation and resistance rather than submission. When the British Empire imposed tariffs and restrictive trade policies on the American colonies, the result was not compliance, but revolution. Likewise, today’s U.S. tariffs may incentivize the very independence and resilience among rival economies that they seek to suppress.

China, for example, has responded to tariffs not just with reciprocal measures but with strategic investments in Africa, Southeast Asia, and Latin America. Its Belt and Road Initiative is quietly redrawing global trade routes, offering infrastructure and financing in exchange for long-term influence. By contrast, the U.S.’s transactional and punitive approach to trade may be reducing its appeal as a partner.

Moreover, countries targeted by U.S. tariffs are increasingly engaging in “de-dollarization,” shifting reserves to euros, yuan, or gold, and conducting trade in non-dollar currencies. This weakens the U.S. dollar’s global hegemony, long a cornerstone of American power. If that pillar falls, the repercussions could be enormous—raising borrowing costs, undermining fiscal flexibility, and eroding confidence in U.S. leadership.

Lessons from Napoleon and the Continental System

The perils of economic overreach are not unique to the U.S. or Rome. Napoleon Bonaparte’s Continental System, aimed at crippling Britain by banning European trade with it, is another stark example. Rather than bringing Britain to its knees, it backfired spectacularly, harming France and its allies while boosting British trade with other global partners. It also provoked resistance from within Napoleon’s empire, contributing to its eventual unraveling.

The U.S. may now be embarking on its own version of a Continental System. Efforts to economically isolate China—through sanctions, tech bans, and tariff walls—risk creating a bifurcated global economy. But in doing so, the U.S. could be sealing itself off from markets, innovations, and influence that are shifting eastward.

Domestic Politics and Short-Term Thinking

One key reason economic strategies go awry is the short-termism driven by domestic politics. Leaders prioritize popular moves that yield immediate gains, even if they incur long-term costs. Crassus sought glory; Napoleon pursued dominance; today, leaders may be seeking electoral wins or media headlines.

Tariffs appeal to a certain political base, often associated with nationalist or populist movements. They create the image of a strong, assertive leader defending national interests against foreign exploitation. But while they may boost approval ratings temporarily, they often mask deeper economic vulnerabilities. Industries protected by tariffs may become less competitive, consumers face higher prices, and the innovation that comes from global competition may stall.

The Ripple Effects: Allies, Rivals, and the Global Commons

Perhaps the most underappreciated aspect of the current tariff strategy is how it affects U.S. allies. The assumption that friendly nations will remain loyal regardless of economic strain may be dangerously optimistic. Tariffs have been levied not just against rivals but also against longstanding partners like Canada, the EU, and South Korea. These actions chip away at diplomatic goodwill and create space for competitors like China to step in with more cooperative offers.

Furthermore, the weaponization of trade sets a precedent. If the U.S. can impose tariffs and sanctions for strategic reasons, so can others. This leads to a world where economic interdependence—once a force for peace and prosperity—becomes a source of suspicion and volatility. The global commons of trade, finance, and communication, painstakingly built over decades, could fracture into warring economic blocs.

The implications extend beyond commerce. Shared challenges like climate change, pandemics, and cybersecurity require collective action. An increasingly divided economic world undermines the possibility of unified responses. If each country retreats into its own economic fortress, the global community may find itself ill-equipped to face the transnational threats of the 21st century.

Strategic Patience vs. Tactical Aggression

The choice facing the United States is not between tariffs or surrender. It is between tactical aggression and strategic patience. Tactical aggression offers immediate gratification: the image of toughness, the appearance of winning. Strategic patience demands investment in long-term capability, trust-building with allies, and tolerance for short-term discomfort in exchange for future security.

Countries that have succeeded in shaping global systems have historically chosen the latter path. The post-World War II U.S. helped build institutions like the IMF, World Bank, and WTO not just out of altruism but to ensure a stable environment for its own prosperity. That model worked—arguably too well, as it enabled the rise of competitors. But tearing down the system that sustained U.S. leadership may be more self-defeating than adjusting it to new realities.

Strategic patience also means crafting trade policies that align with national values—protecting labor rights, environmental standards, and technological sovereignty—without resorting to blunt instruments. Tariffs can be part of that toolkit, but they must be wielded with precision, transparency, and foresight.

Innovation, Not Isolation

In a knowledge-based global economy, innovation is the ultimate currency of power. Tariffs may protect legacy industries, but they do little to foster the next generation of breakthroughs. In fact, they often hinder innovation by increasing input costs, disrupting supply chains, and discouraging collaboration.

To maintain global leadership, the U.S. must invest in education, research, and infrastructure. It must attract talent from around the world and create ecosystems where ideas can flourish. Isolationist policies undercut these goals. The more the U.S. turns inward, the less attractive it becomes as a destination for investment, talent, and creativity.

Tech ecosystems are already becoming more fragmented. China is building its own chips, cloud services, and social platforms. The EU is developing digital sovereignty strategies. The risk is not just economic decoupling, but intellectual and technological divergence that reduces shared standards and mutual benefit.

From Carrhae to Currency Wars

The parallels between Crassus’ doomed campaign and today’s trade tensions are not perfect, but they are instructive. Both reflect moments where ambition overtook prudence, and where the assumption of superiority led to vulnerability. Just as Carrhae signaled a shift in Roman fortunes, today’s tariff wars could mark the beginning of a new global order—one in which American dominance is no longer assured.

But unlike Crassus, today’s leaders have the benefit of hindsight. They can study history, learn from its missteps, and course-correct before irreversible damage is done. The question is not whether the U.S. has the power to lead, but whether it has the wisdom to wield that power wisely.

The world is watching. The path chosen now may determine not just the next trade cycle, but the very contours of global power in the decades to come. If history has shown anything, it is that the price of overreach is often paid not in battles lost, but in influence squandered. The challenge before the United States is not merely to defend its markets, but to secure its legacy.

Living & Teaching Abroad: Xavier University (LA) Alumna Britney Francis Conquers Beijing

There has been a recent revelation in the past five years that African Americans need to get out and explore the world. The passport has become the new IT thing to have among African America’s young and educated. Adding to that reality is that more and more college students must set themselves apart in a more competitive global workforce. One sure way to do that is to show that you have the ability to go anywhere and be successful, especially if it means going some place out of your comfort zone. If adding tools to your tool chest is what sets you apart, then studying abroad during your undergraduate years gives you one mean hammer to swing. It also presents some amazing career opportunities upon graduation if you are willing to take the chance. HBCU Money caught up with Britney Francis, an alumna of Xavier University (LA), who is conquering the classroom in the capital of arguably the world’s number two superpower – China.

How did the opportunity arise for you to live and teach in Beijing, China?

By May 2016, I was unfulfilled, disillusioned and dissatisfied with life, particularly with my job. I had also been going through a health issue that had been going on for nearly 3 years at the time. Feeling like I needed real change, I was inspired by a friend from high school who had gotten a teaching job in Dubai. I had started to come around to the idea of teaching, and had started studying to test for an acceleration program that helps people become teachers — who had degrees in other specialties besides education. I had my sights set on becoming a high school history teacher in Houston. I had also been mentoring kids at the juvenile justice center and felt it was time to get into the classroom to find other ways to reach the youth. So I figured, “hey — maybe I can also teach abroad particularly next year or the following year”. I thought I would do myself a service by gaining experience in the States before taking the show abroad. I was interested in Japan and started to do research. For some reason, it seemed much harder to get to Japan (which wasn’t true but you don’t know what you don’t know). Then I started to see posts from China. After researching for a few weeks on various job boards, I came across a job ad for an education company called Education First, based in China. What made me pull the trigger was getting written up at my job for performance issues (and my health stuff, if you wanna keep it a buck. My manager had told me that all I had been going through was “impacting the business” – whatever that means). I was so bored and disgusted; the place was no doubt a dead-end job. My work and my health continued to suffer and I was listening to podcasts at my desk all day… anything to escape. I had applied at a charter school at the recommendation of a friend. I had written an elaborate essay but received a response almost immediately saying they would “keep my application on file”. Something inside me told me to change a few of the words around and apply to the same company I had seen in China days before. So I did, and by the end of that week I had the job and was set to arrive in Beijing by September. PERFECT timing!

How do you believe going to an HBCU and XULA in particular prepared you for being an expatriate?

One thing I always say is that being HBCU alum prepared me for life in a way I feel no other school could have. I learned so much about myself at my HBCU and my sense of Black pride strengthened. Being a Xavier student during the year Hurricane Katrina ravaged the city of New Orleans is what particularly made me strong. It made all of us strong. We had faith in our school and returned to the city five months after the storm hit. Houses were destroyed, there was mold everywhere. The city was crippled and the students/admin kept it pushing. Hell, all schools in the NOLA area did the same thing. Most of us that returned after the storm have graduated and have moved on to do great things in our lives.

Living in a place like China where most people you encounter are ignorant and inherently racist, I feel that what I’ve experienced prior to now gave me tough skin. But not to say it’s the all bad. For every ignorant person, there are a million more kind, giving, and helpful people here as well. The mindset, cultural and societal norms here are SOOO different.

As an educator, what are some differences and conversely similarities you have noticed between the education systems of China in comparison to the United States?

Being that my teaching experience is only limited to my time here in China I can’t speak too much on the American side as I haven’t seen it from the eyes of a teacher. But I will say that certain teaching methods I’ve tried to use on my older students were frowned upon, especially in instances where I tried to make my classes fun (for my high school students). Things that I know worked for me as a student or methods I’ve researched can sometimes be overridden as you’re expected to adapt to the “Chinese way” and not have much say-so in the matter.

Chinese students don’t have lives of your typical American teenager. They are groomed to study 7 days a week and get LOADS of homework. On weekends, they study, sleep and play on their computers. They don’t have social lives, and hardly date. Emphasis is placed on math and science more than other subject areas. And I’ve found that most parents here will pressure their kids to be successful, to the point where they are depressed and often unsure of themselves. I’ve even had parents ask me “how can my son/daughter be better?” with an overall class score of 99 and rated highest in the entire class. On the other side, there’s also a bit of denial when it comes to things like learning disabilities and behavioral disorders.

Do you have a favorite memory thus far in your time there?

Most of my favorite memories involve my students, present and old. Children are so amazing and smart and I’ve become emotionally attached to nearly all of my students. It’s very hard saying goodbye to students when new opportunities arise and it’s time to move on to a new school (or they move on to a new school). My other favorite memories involve all the friends I’ve made here and especially the trips I’ve taken. Living here has afforded me opportunities to travel that I didn’t have before and it’s been amazing. So far, I’ve been to Thailand, S. Korea, Hong Kong, and a few interesting cities around China. I have so many other places to see before I pack up and head back home.

Being African-American in China, what has that particular part of the experience been like for you?

Honestly, it can be a bit frustrating. It can go either two ways: either people are deathly afraid of you or WAY too curious/friendly/unable to respect boundaries. Being Black in China, you can expect people to take pictures of you without your permission. It’s cute at first – until after you’ve been here a few months, you had a long day at work and just trying to get home to your bed. Seeing someone sneaking a picture of you like you’re a zoo exhibit can be angering. Also, people don’t have concepts of boundaries and personal space. With there being 20+ million people in bigger cities, there’s not much room for you to breathe and people like to touch your hair or try to rub your skin to see if the black comes off. I try not to fault most people for it because they are conditioned and they simply don’t know much about the world outside of China. They also assume any black person they see is from Africa… and when you don’t know the language you can’t explain to them how the Diaspora works. It’s just a LOT of ignorance. For me personally, in work spaces and social spaces, I require respect from everybody I interact with, language barrier be damned. It’s the only way I can cope with what goes on around here.

We know you can not prepare for everything prior to living abroad, but is there something you wish you had known in particular prior to your move?

No. Besides bringing enough black hair care products and make-up that matches your tone to last you a while, there’s nothing I think I could have been told prior that would have made much of a difference. Everyone’s experience is different. You could ask another person to talk about their experiences and they may LOVE it here, or hate it with their entire being. I like that I was given the opportunity to come here and be out of my comfort zone. Everything I’ve learned about myself and the world thus far has only enhanced my personal growth. I am a different person than I was in September 2016 and I can only continue to soar from here. I’m still very happy about my decision to move here.

Tell us about one of your fondest HBCU memories while at XULA?

Graduation day. Enough said.

Britney Francis is an English teacher from southern Louisiana by way of Houston, TX. She has a bachelors degree in Communications from Xavier University of Louisiana, with a concentration in public relations and speech communication. She is currently working as a kindergarten teacher in Beijing, China. She is passionate about travel, sports, and children’s causes.

Follow her experiences via Twitter at @britneyisland

The Finance & Tech Week In Review – 5/13/17

Every Saturday the HBCU Money staff picks ten articles they were intrigued by and think you will enjoy for some weekend reading impacting finance and tech.

NASA pushes back first Orion manned mission / New Atlas  

How can humans obtain an omega-3-rich human diet from sustainable sources? / Pew Environment http://ow.ly/Td2a30bIqnR

Android smartphones: Which one is right for you? | Computerworld http://ow.ly/C2M330bIqr0

New ransomware Jaff demands $3,700 payments / CIOonline http://ow.ly/85uq30bIqu1

A milestone for computers in China / Futurism http://ow.ly/160030bIqys

How to manage self-motivated and highly intelligent workers / WEF 

Born to lead? The effect of birth order on non-cognitive abilities / NBER  

Why creativity will drive the next industrial revolution / WEF 

Our researcher examines how small banks deal with large shocks, such as natural disasters / Cleveland Fed 

The 21st-century skills every student needs / WEF 

 

HBCU Money™ Dozen 11/16 – 11/20

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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

Research

300-Mile Electric Bentley Planned…For ~2020 l Clean Technica http://dlvr.it/CnrQvm

If Our Capitalist Overlords Love Clean Power, Who Could Hate It? l Clean Technica http://dlvr.it/CnrL2Z

MAP: Countries around the world enforcing new shark protections l Pew Environment http://pew.org/1Nu5T37

Collaboration is key to security – worldwide l CSOonline http://bit.ly/1lyyglh

10 essential Mac utilities l Macworld http://dlvr.it/CnqDY8

Novel tool use. Capuchin monkeys use sticks as shovels to dig out caiman eggs l New Scientist http://ow.ly/UT7at

Federal Reserve, Central Banks, & Financial Departments

More frequent household surveys in poorest countries can close #data gaps l World Bank http://wrld.bg/UJ4Ns

Mobile subscriptions now outnumber people in the world l World Economic Forum http://wef.ch/1kJZK7k

Three critical factors driving wealth accumulation l NBER http://bit.ly/1MWeASw

The probability of a hard landing in China is no higher today than it was earlier this year l St. Louis Fed http://bit.ly/1T3EN2q

Long-term unemployment increased disproportionately for older women after the Great Recession l St. Louis Fed http://bit.ly/1MTafLx

How are #smartphones affecting your relationships? l World Economic Forum http://wef.ch/1SNomHw

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.

HBCU Money™ Business Book Feature – China’s Second Continent: Building a New Empire in Africa

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An exciting, hugely revealing account of China’s burgeoning presence in Africa—a developing empire already shaping, and reshaping, the future of millions of people.

A prizewinning foreign correspondent and former New York Times bureau chief in Shanghai and in West and Central Africa, Howard French is uniquely positioned to tell the story of China in Africa. Through meticulous on-the-ground reporting—conducted in Mandarin, French, and Portuguese, among other languages—French crafts a layered investigation of astonishing depth and breadth as he engages not only with policy-shaping moguls and diplomats, but also with the  ordinary men and women navigating the street-level realities of cooperation, prejudice, corruption, and opportunity forged by this seismic geopolitical development. With incisiveness and empathy, French reveals the human face of China’s economic, political, and human presence across the African continent—and in doing so reveals what is at stake for everyone involved.

We meet a broad spectrum of China’s dogged emigrant population, from those singlehandedly reshaping African infrastructure, commerce, and even environment (a self-made tycoon who harnessed Zambia’s now-booming copper trade; a timber entrepreneur determined to harvest the entirety of Liberia’s old-growth redwoods), to those just barely scraping by (a sibling pair running small businesses despite total illiteracy; a karaoke bar owner–cum–brothel madam), still convinced that Africa affords them better opportunities than their homeland. And we encounter an equally panoramic array of African responses: a citizens’ backlash in Senegal against a “Trojan horse” Chinese construction project (a tower complex to be built over a beloved soccer field, which locals thought would lead to overbearing Chinese pressure on their economy); a Zambian political candidate who, having protested China’s intrusiveness during the previous election and lost, now turns accommodating; the ascendant middle class of an industrial boomtown; African mine workers bitterly condemning their foreign employers, citing inadequate safety precautions and wages a fraction of their immigrant counterparts’.

French’s nuanced portraits reveal the paradigms forming around this new world order, from the all-too-familiar echoes of colonial ambition—exploitation of resources and labor; cut-rate infrastructure projects; dubious treaties—to new frontiers of cultural and economic exchange, where dichotomies of suspicion and trust, assimilation and isolation, idealism and disillusionment are in dynamic flux.

Part intrepid travelogue, part cultural census, part industrial and political exposé, French’s keenly observed account ultimately offers a fresh perspective on the most pressing unknowns of modern Sino-African relations: why China is making the incursions it is, just how extensive its cultural and economic inroads are, what Africa’s role in the equation is, and just what the ramifications for both parties—and the watching world—will be in the foreseeable future.