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With the United States and China trading threats of escalating tariffs, the world waits to see whether these barbs become a full-fledged trade war between the two largest economies. The Trump administration claims its actions are necessary to deter China from continuing its predatory trade behavior — an objective today’s guest, Derek Scissors, agrees is a worthwhile pursuit — but he doubts whether the means Trump has chosen can achieve this end.
Over the course of our conversation we discuss the likely impact of Trump’s promised tariffs, the different ways China cheats the global trading system, whether the US should have allowed China to join the WTO in the first place, and much more. Derek Scissors is a resident scholar here at AEI, the chief economist of the China Beige Book, the author of the China Global Investment Tracker, and an all-around expert on US-China relations.More