Press release: How to Outsmart China on Trade [1]
Image credit: Poring Studio
Endnotes
- “How to Outsmart China on Trade”: https://www.rstreet.org/2021/03/08/how-to-outsmart-china-on-trade/
Outcompeting Beijing: A Roadmap for Meeting China’s Commercial Challenges
Key Points
- 1) The United States has legitimate concerns about China's trade and investment policies, but tariffs will not change Beijing's behavior.
- 2) The tariff wars have been enormously costly for the United States, particularly manufacturing.
- 3) The most important thing we can do is outcompete Beijing. We can deploy trade tools to help, but we also need to make domestic reforms to improve our competitiveness vis-à-vis China.