America’s China Strategy Is Incomplete

Elizabeth Economy and Melanie Hart

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Growing the U.S. economy is at the top of President-elect Donald Trump’s agenda, and tackling the many challenges in the U.S.-Chinese trade and investment relationship will be central to realizing this objective. Much of Trump’s rhetoric has focused on the use of tariffs: tariffs to rebalance the bilateral trade deficit, tariffs to incentivize U.S. multinational firms to reshore their supply chains and reduce their reliance on Chinese manufacturing, and tariffs to prevent other countries from answering China’s call to de-dollarize the global economy.