America rethinks its strategy for taking on China’s economy
The focus is on whether Joe Biden will cut tariffs, but the real action is elsewhere
China is often said to be an area of rare consensus in American politics. Just about everyone agrees that something must be done to counter its rise. But this appearance of unity masks divisions and even confusion about what exactly needs to be done, most of all in the economic domain. Is the ultimate goal to open the Chinese market to American businesses, or to dissolve commercial bonds with China?
This article appeared in the Finance & economics section of the print edition under the headline “Tougher than tariffs”
Finance & economics July 9th 2022
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