From WSJopinion: Donald Trump is losing the trade war with China. The markets doubt tariffs will bring about any major concessions, writes Jason Furman.
The continuing trade war with China is leading both economies into uncharted and potentially dangerous waters. Image: AP/Getty/Composite: Brad HowardPresident Trump’s China strategy is failing. His tougher approach has yielded no meaningful Chinese concessions but is increasingly damaging the U.S.
economy. Today China is more integrated with the rest of the world while the U.S. is more isolated. To combat China’s unfair, statist economic practices effectively, the U.S. must change its approach, enlisting allies and international institutions to advance a more focused set of demands.To Read the Full Story
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