US Would Benefit From Bilateral Deal With China, Cato Institute Analyst Says
Rather than further restrict trade with China, the U.S. should negotiate a bilateral trade agreement with the country on as many issues as possible, Cato Institute trade policy analyst Simon Lester wrote in a blog post (here). Even so, there…
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probably won’t be any “big announcement” about such a deal during President Donald Trump’s meeting with Chinese President Xi Jinping at the president's Mar-a-Lago resort in Florida April 6-7, Lester said. “As the U.S. government develops its trade policy over the coming months, it may begin to realize the limitations of the alternative approaches to addressing concerns about China,” Lester wrote. “Trump administration officials have emphasized that the trade deals it negotiates will be bilateral, rather than multilateral. Why not try to negotiate a bilateral agreement with China, one of our biggest trading partners, and the one that is the source of so many trade concerns?”