A tough and uncompromising U.S. approach to its EU trade is in order, writes Dr Michael Ivanovitch.
. Instead of focusing on changing America's trade flows with China, Washington overreached into sovereign domains Beijing could not accept.
In spite of that, this administration deserves enormous credit for trying to put an end to decades of America's trillion dollar trade losses, soaring net foreign debt, thoughtless outsourcing and cavalier handling of U.S. intellectual properties. Trade progress with China is good news. The statesmanship and the symbolism the U.S. and China leaders will project on a world stage — by signing a trade deal during the Asia-Pacific Economic Cooperation meeting in Santiago de Chile less than a month from now — will be one of the brightest pages in the countries' relations.America's European friends and allies, and their media, are falling over each other in pouring scorn on Washington for literally anything.
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