By William A. Reinsch
I said two weeks ago that I was going to hold off on writing about China again until the dust settled. It now appears that the dust is never going to settle. Each time the United States seems to be set on a course of action, the president shifts gears and kicks the dust up all over again. Many people have commented on how bad policy chaos and uncertainty are for businesses simply trying to survive in a competitive world, so I won’t go down that particular road except to say I agree with the concern. In my experience representing businesses, what they most value from their government is policy consistency and clear lines. The vast majority of them want to obey the rules, but to do that they need to know what the rules are, and they need to have some confidence that today’s rules will be the same ones they’ll be expected to adhere to next week, next month, and next year. Sadly, we are a long way from that.