“Trump Could Be Bumbling Into a Trade War With China”
March 22, 2018 | The Atlantic
In an early morning tweet on March 2, President Donald Trump avowed that “trade wars are good, and easy to win.” We’re about to find out if he’s right. Trump may have just started one with China.
Trump’s recently announced tariffs on steel and aluminum look trivial by comparison—especially if, as expected, he ends up granting exemptions to U.S. allies. Using an arcane statute of the Trade Act of 1974, the office of the U.S. Trade Representative (USTR) has concluded an investigation of China’s unfair practices against U.S. firms, including forced technology transfers, joint venture requirements with Chinese partners, and outright cyber espionage…
Read the full Atlantic article:
“A Better Way to Challenge China on Trade,” by Ely Ratner and Matthew Goodman
Foreign Affairs | March 22, 2018
President Donald Trump has finally delivered on a premier campaign promise to hold China to account for its unfair trade practices. The president deserves credit for being more willing than his predecessors to call out China’s bad behavior, but his remedies are among his most disruptive and isolating foreign policies yet. Wide-ranging tariffs will harm American companies and consumers, punish U.S. allies, and undermine the global trading system. There’s a better to way to challenge China that protects U.S. innovation and sustains both U.S. prosperity and leadership in the international economy.
There’s no disputing that China has done damage to the global trading system and U.S. economic interests. For years, Beijing has flooded world markets with subsidized goods, forced U.S. companies to transfer proprietary technologies to Chinese firms, restricted foreign access to broad sectors of the Chinese economy, and engaged in outright theft of intellectual property. The United States has paid a heavy price in lost growth and jobs. Now, as China moves up the value chain, these same practices are threatening the United States’ prized innovation base as Beijing aims to dominate the technologies of the future, including in robotics, health sciences, and artificial intelligence…