The Hard Politics of U.S.-China Trade Talks

Since neither side benefits from a trade war, why are both sides threatening one?
The answer is straightforward. Although both sides could benefit from a deal, one side could benefit more – a lot more – depending on the final terms.
Two key issues dominate the current stalemate. The first is how many of China’s mercantilist practices will be rolled back. These include tariffs on imports from America, required partnerships with Chinese firms, forced transfers of intellectual property, and sometimes outright theft of trade secrets. The second is whether the terms are precise, enforceable, and…

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