Why a US-China Trade Deal Is Not Enough
If the US and China fail to reach a comprehensive trade agreement, bilateral trade will plummet, and the unraveling of the US-China economic relationship would accelerate. But even if an agreement is reached, that unraveling will continue, because, at its core, the trade war has always been about security.
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WASHINGTON, DC – As Chinese and American trade negotiators meet in Washington to try to forge an accord on trade, observers are largely focused on the countries’ economic disagreements, such as over China’s subsidies to its state-owned enterprises. But to think that an agreement on trade will protect the world from a Sino-American cold war would be as premature as it would be naïve.