Analysis: Notwithstanding the mini deal the White House announced late last week, the state of U.S.-China relations remains tense, and there is no reason to expect that they will ease up
But there should be no illusion Trump or his trade advisers invented the idea that China is a U.S. adversary. Such attitudes are widespread in American society, including among many of the president’s detractors, and have been germinating for years. As early as 2004, the Democratic nominee for president, John Kerry, was saying that companies that sourced jobs to China were being led by “Benedict Arnold CEOs.
When it comes to China, however, America writ large now seems to be taking a more absolutist stance, weaving a narrative that leaves little room for anything but disengagement and confrontation. In the long run, this stance will only hurt the United States. China is still a major source of opportunity for American businesses. And it’s not just corporations that benefit from the hundreds of billions of dollars of commercial engagement. China had been a significant investor in U.S.
Unlike the Cold War, however, the United States today is not only exaggerating the danger of China; it is failing to do anything domestically to meet that exaggerated danger.
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