Imposing trade restrictions to address national-security concerns is at the heart of today’s heightened tensions between China and the United States. Instead, the two countries should establish new agreements on arms control and industrial policies, which will require rebuilding trust.
KUALA LUMPUR – Tensions between the United States and China have reached such a high level that the G7, led by the US, recently changed its objective in its relations with China from “decoupling” to “de-risking.” But the reality is that de-risking, like decoupling, requires the participation of both sides and a common agenda. And while the objective of de-risking may be clear, its substance is not, besides keeping communication channels open.
KUALA LUMPUR – Tensions between the United States and China have reached such a high level that the G7, led by the US, recently changed its objective in its relations with China from “decoupling” to “de-risking.” But the reality is that de-risking, like decoupling, requires the participation of both sides and a common agenda. And while the objective of de-risking may be clear, its substance is not, besides keeping communication channels open.