Both Sides Can Win the Trade War

The trade war between the U.S. and China is escalating, and neither side shows any sign of backing down. The U.S. has expanded its 25% tariff to some $50 billion in Chinese goods, with a further $200 billion threatened. China is running out of American goods to penalize—the U.S. imports four times as much from China as vice versa—meaning that the trade war could spill into areas like services, where China outspends the U.S. by 4 to 1, or to the vast investments by American companies in the Chinese mainland.

Yet opinions among…


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