Summary of What have we learned from the trade war with China?

What have we learned from the trade war with China? summary

Editorial Rating

10

Recommendation

In this illuminating podcast, David Dollar, a senior fellow at Brookings, interviews economist Eswar Prasad about developments in and possible outcomes of the US–China trade negotiations. In their insightful dialogue, conducted shortly before the December 2019 announcement of a proposed phase-one deal, the two discuss structural elements of the Chinese economy and their importance in the conflict. Business executives and policy analysts interested in a broad perspective of the state of US–China economic relations will glean valuable information from this concise conversation.

About the Podcast

David Dollar conducts the Dollar and Sense podcast series on economic topics at the Brookings Institution. Eswar Prasad is an economics professor at Cornell University.

Summary

US–China trade tensions are inducing changes in China’s economy, but international corporate spending and investment decisions remain disrupted.

As of November 2019, more questions than answers continue to bedevil US–China trade relations. The Trump administration unequivocally believes that China is running circles around the United States in terms of the bilateral US trade deficit. The current tariff discussions, however, also are entangled with bedrock structural issues of “distortions in the Chinese economy” that include foreign access to Chinese markets, “forced technology transfer” and inadequate intellectual property protection.

During 2019, China strengthened its intellectual...


Comment on this summary

More on this topic

By the same authors

Global Clout, Domestic Fragility
8
How is COVID-19 affecting US trade?
8
How Smart Economic Policy Can Help Combat Climate Change
8
A Middle Ground
8
Global Economic Forces Conspire to Stymie U.S. Manufacturing
8
The Future of U.S.-China Trade Ties
9
China as a Global Investor
8
How to Make Trade Work for Workers
8
The China-U.S Trade War and Future Economic Relations
8
Schism
8
From Globalization to Deglobalization
7
The Post COVID-19 World
7
Winning in China
8

Related Channels