The Economic Costs of America’s Conflict with China
The U.S. penchant to over-hype China's security threat should not be accepted on blind faith.
Treasury Secretary Janet Yellen speaks on the U.S.-China economic relationship at Johns Hopkins University School of Advanced International Studies, April 20, 2023, in Washington. Credit: Manuel Balce Ceneta via AP Newsroom
Five years into a once-unthinkable trade war with China, US Treasury Secretary Janet Yellen chose her words carefully on April 20. In a wide-ranging speech, she reversed the terms of US engagement with China, prioritizing national-security concerns over economic considerations. That formally ended a 40-year emphasis on economics and trade as the anchor to the world’s most important bilateral relationship. Yellen’s stance on security was almost confrontational: “We will not compro
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Is it time for the U.S. to temper its policies towards China? Or is the U.S. just hitting its stride? With the election between Donald Trump and Kamala Harris just around the corner, we asked more than a dozen experts and policy makers: Where should the next U.S. president go from here?
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