The Corner

World

The Coming Fake Deal with China?

As I wrote recently, I believe that we need to do something about China’s trade cheating even if our actions don’t fit under the rubric of free trade. What I fear about the current effort, though, is that the administration believes that it can wave around headline-generating tariffs and get to an accommodation with China relatively quickly, perhaps without even imposing the tariffs. Any such deal would almost certainly be meaningless. The Chinese are deeply committed to their mercantilism and have proven that any promises they make to reform can’t be trusted. If we are really determined to make any progress here, it’s going to have to be a long-term campaign, which is why the administration would be better off with a more deft and/or strategic approach that would be more sustainable.

I view China trade as a little like the North Korea crisis. 1) Despite the saber-rattling, it is more likely to end in a negotiation — and one without a great result — rather than full-blown hostilities. 2) Trump deserves credit for realizing that the approach of past administrations didn’t work, but forging something better is easier said than done.

 

Rich Lowry — Rich Lowry is the editor of National Review. He can be reached via email: comments.lowry@nationalreview.com. 

Most Popular

Politics & Policy

Basta La Vista, Baby

Dear Reader (And especially Martha McSally’s dog), As I often note, I increasingly tend to see the political scene as a scripted reality show in which the writers don’t flesh out the dialogue so much as move characters into weird, wacky, confrontational, or embarrassing positions. It’s a lot like The ... Read More
World

The Brexit Crisis

After what seem like years of a phony war, British and European Union negotiators finally agreed on the terms of Britain’s departure from the EU earlier this week, and Theresa May announced it in the House of Commons. The deal covers more than 500 pages of legal and bureaucratic prose, and few but the ... Read More
U.S.

Friends of Elmer

Do you know what scares an American outdoorsman more than a grizzly bear? Twitter. In the late summer and early autumn, the hunting world had its eyes on the courts: The Trump administration had issued new guidance that would permit the hunting of brown bears (popularly known as grizzly bears), including in ... Read More