How to Outsmart China on Trade
In a new policy study, R Street trade policy counsel Clark Packard lays out how the United States can meet the very real challenges China poses to the international economic system. He argues that 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.
“Ultimately, even the most carefully deployed tools of economic statecraft are no match for simply outcompeting China. Rather than mimicking Chinese industrial policy and mercantilism, policymakers in the United States should trust America’s traditional strengths: openness to international trade and immigration, and support for dynamic, market-based innovation,” says Packard.
Read the full policy study here.
