As the trade impasse with China continues, it is worth trying to think about some paths for what comes next. The US administration has a raft of complaints around issues of the bilateral trade deficit, export penetration, tighter intellectual property protections for US innovation and state support for business.
First thing to note, for all the partisan rancor in the US, and the Trump hating in Europe, it feels like this is one issue that has rapidly become consensus – China finds few friends on these issues in DC, Europe, Wall St or the corridors of power in American business. By way of example, in late March 2018 the US, through the WTO, filed a Request for Consultations with China concerning tech IP rights. In early April, the EU and Japan amongst others formally requested to join the Consultations. By June, the EU had filed an expanded Request. Continue reading