A Reciprocal Solution to the US-China Trade Dispute
The advanced economies are right that China needs to take steps to redress unfairness in its trade relations with other countries, not to mention its own economy. But if global trade is to be truly fair, the advanced economies – and, in particular, the US – also have to make some changes.
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NEW YORK – For many allies of the United States, the flaws in President Donald Trump’s trade war with China – which is on hold for 90 days following the Xi-Trump meeting in Argentina – lay in the approach, not the motivation. Indeed, Europe and Japan share many of Trump’s grievances. What they fail to acknowledge is that there is also plenty they can do to make the global trading system – and their relationships with China – fairer and more efficient.