How to Avoid a US-China Trade War
With the US targeting China's steel and aluminum exports, and now its weak intellectual property protection, fears of a trade war are mounting. But the biggest threat to US-China trade ties is the recent US tax cut, which will cause the bilateral deficit to widen by as much as $100 billion annually.
NEW YORK – The announcement by the Trump administration that the United States will sanction China for intellectual-property theft is the latest salvo in a deepening trade dispute between the two countries. It follows Trump’s March 8 pledge to place higher tariffs on Chinese steel and aluminum – a move some predict could have dire consequences for the global trading system.