The U.S. shouldn’t be complacent after winning the first round of the trade war. China is a formidable strategic competitor and will remain so for many years to come.
Past behavior from the major European powers has shown that, unlike Washington, they are far more eager to appease Iran, and far more persistent.
The U.S. and China have such different economic and political systems and different sets of values. We may have to settle our differences through other means, beyond a trade agreement.
Without early Americans’ entrepreneurial spirit and ingenuity, today’s Americans may not be able to enjoy the kind of prosperity and comfort we often have taken for granted.
China has enough bargaining chips to cement its spot as export king of the developing world. Trump must be strategic in trade negotiations with Xi Jinping.
The trick, of course, is to limit Chinese tourist misbehavior and ensure their massive tour groups don’t overrun the destinations most popular with Americans.
China’s move to make the yuan stronger seems to contradict the traditional belief that China has been intentionally making its currency weaker to gain export advantages.
The U.S. corporate income tax system is awful and needs to be reformed, but it does not subsidize foreign imports or justify a border-adjusted tax.
By backing away from a border adjustment, Republicans are making a major mistake. This policy will help narrow the trade deficit and fund a tax cut for all domestic businesses.
Protectionists want to force poor American consumers to subsidize well-connected cronies. They must no longer be given free rein to mislead with impunity.
We should at least have a debate about whether ideas like intervention are the right ones, and not leave foreign policy to the Washington insiders.
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