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It's a great question. And one I can only respond by another question. My take on the tariff war was that it was less about trade imbalance and IP (the public message) and much more about trying to make progress in China banking, currency, and DFI (boring topics for the public at large). The US under the prior administration made very little headway with tariffs, settled for face-saving agreements, and we now need a new plan to address these key areas. On these topics, it is my impression that neither party really has a plan, or any real leverage, to enact short-term change in these areas, and so we continue to enact policy to address short term (and maybe critical) issues such as supply chain and national security issues. But what can the US do long-term to make progress in these areas, if anything?

Feb 26, 2021
at
6:04 PM