James Pethokoukis
Political Risk
An offer China couldn’t refuse … or could it?
Dan Drezner on the trade deal he would offer the Chinese:
Hey, Wen, you’re right about the unfair tire tariffs and the like. Let’s make a trade deal: you allow the yuan to appreciate, say, 20% against the dollar over the next twelve months. In return, we will announce a voluntary two-year moratorium on any new anti-dumping and escape clause measures targeted against Chinese imports. What do you say?
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