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A Fresh Look at the Sino-US Trade Dispute

来源:CHINA FOREX 2018 Issue 3

The Sino-US trade dispute has intensified of lateand the outcome is far from certain. Clearlythe stakes are high. At this delicate juncture we might take stock of what is driving this trade row. Both sides need to ask themselves what are they striving for? What are their core interests? And are their objectives completely incompatible with those of the other side ¡ª or is there room for accommodation?

Industrial upgrading is part of the global path to progress. The United States is at the forefront of the world's industrial countries. Naturallyit is a key player in industrial upgrading on a global scale. At the same timetraditional industries that require low levels of skills ¡ª and sometimes high degrees of pollution ¡ª have gradually shifted from advanced countries to developing economies.

The shift to more advanced manufacturing has created new opportunities. But economic development needs to deliver benefits to the manynot just the few. If the march to progress leaves most behindit cannot claim success.  In that context"Buy American" and "Hire Amer

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