Big Take What It Takes to Negotiate With China
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May 16, 2025 Nicholas Burns, the former U.S. Ambassador to China and a Harvard diplomacy professor, dives into the intriguing dynamics of U.S.-China trade relations. He discusses the current trade war pause and the looming question of a new agreement. Burns highlights the challenges his successor faces as China strengthens its global position. He offers insights into how the U.S. must prepare for a decade-long competition with China, emphasizing the delicate balance between collaboration and rivalry that defines their complex relationship.
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Complex US-China Trade Ties
- The US and China face a complex trade relationship involving both competition and cooperation.
- Both economies deeply depend on trade with each other, making a complete severance impossible.
China's Trade Disruption Impact
- China has disrupted global trade by dumping products below cost, hurting jobs worldwide including in the US.
- The trade war thus stems from deep, structural trade imbalances and economic impacts.
China's Dual Trade War Messaging
- China portrays itself as resilient and unbowed in the trade war to bolster nationalist sentiment domestically and globally.
- Despite this, China faces significant economic challenges and needs a deal to prevent long-term harm.