Strategic Issues in the US-China Trade Relationship

When US and Chinese trade negotiators met in Washington on January 30, the context featured escalating bilateral tensions over issues far broader than traditional trade policy. The meetings occurred in a fittingly freezing city, with plunging temperatures outside accompanying the deep freeze that has gripped the bilateral relationship. US allies in Europe and Japan presumably cheered quietly from the sidelines as US policy makers took a tough stance.

By the end of the first quarter, progress in the trade talks triggered stock market gains…