Instead of accepting that he already has achieved the bulk of U.S. negotiating objectives - and effectively won the trade war - the president has been sidetracked by procedural issues and negotiating gambits that distract from the overall success of the administration's policy.
Conversely, U.S. companies will acquire rights and business opportunities they never before had to invest in China and trade with Chinese companies.
These changes will rectify the imbalance that has characterized U.S.-China trade relations since the U.S. helped negotiate China's entry into the World Trade Organization in late 2001.
He cites the unprecedented slowdown in China's economy as "Good news" that China will have to buckle under to American pressure - but the established truth is that, by generating mutually beneficial outcomes, trade mitigates international conflicts that otherwise could lead to war.
President Xi Jinping is under at least as much domestic pressure as Trump to show that China will not allow the United States to block China's economic and political progress.
Even during the U.S.-China cold war from 1949 to 1973, Chinese leaders held a positive view of the United States because of the historic U.S. commitment to equal trade with China in America's Open Door policy - wisely formulated by Secretary of State John Hay in the late 19th century to distinguish the U.S. from colonial powers that sought to carve up China and extract the country's wealth.
Reaching an agreement with China and halting the trade war will give the president at least 90 percent of what he sought - and he will still end up winning the war.
https://thehill.com/opinion/finance/458846-trump-already-has-won-the-trade-war-with-china
Conversely, U.S. companies will acquire rights and business opportunities they never before had to invest in China and trade with Chinese companies.
These changes will rectify the imbalance that has characterized U.S.-China trade relations since the U.S. helped negotiate China's entry into the World Trade Organization in late 2001.
He cites the unprecedented slowdown in China's economy as "Good news" that China will have to buckle under to American pressure - but the established truth is that, by generating mutually beneficial outcomes, trade mitigates international conflicts that otherwise could lead to war.
President Xi Jinping is under at least as much domestic pressure as Trump to show that China will not allow the United States to block China's economic and political progress.
Even during the U.S.-China cold war from 1949 to 1973, Chinese leaders held a positive view of the United States because of the historic U.S. commitment to equal trade with China in America's Open Door policy - wisely formulated by Secretary of State John Hay in the late 19th century to distinguish the U.S. from colonial powers that sought to carve up China and extract the country's wealth.
Reaching an agreement with China and halting the trade war will give the president at least 90 percent of what he sought - and he will still end up winning the war.
https://thehill.com/opinion/finance/458846-trump-already-has-won-the-trade-war-with-china
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