Is it time to unravel the lucrative trade ties that bind the U.S. and China?
The U.S.-China trading relationship is fraught with sources of tension, including a simmering trade war, worries that American buyers depend too heavily on China for raw materials and finished goods, China’s moves to assert economic dominance around the world, its poor human rights record, its aggressive military actions in the South China Sea, and fears that it’s on the verge of blockading or invading Taiwan. All of that might cause one to conclude that it’s time to rethink the trading relationship between the two countries. Lori Esposito Murray disagrees. She is president of the Committee for Economic Development, the public policy center of The Conference Board. On this episode, she discusses the conclusions and recommendations of CED’s new Solutions Brief on U.S.-China trade and investment, latest in the organization’s “Sustaining Capitalism” series. The economies of the two countries are too “deeply intertwined” to sever, Murray says, calling for a continued relationship even as the U.S. affirms its own priorities and leadership. Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.
Show notes:
CED’s Solutions Brief: “U.S.-China Trade and Investment: Challenges & Solutions.”
