...The Trump administration requires much broader market access and more changes to China’s socialist model than Beijing is willing to grant. The U.S. government, with bipartisan support, is likely to pass an updated foreign investment oversight bill that targets China in all but name.
If Washington really wants to reduce its dependence, it needs better planning to trade with allied countries and must allow other emerging-market economies to benefit from its tariffs on China. Garment manufacturing won’t be moving from Guangdong to Georgia, but many other countries would love that business. Such a shift would be a strategic win in a trade war that so far has shown little planning.
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