China: Don't Punish Business For Politicians' Crimes
In "Trade with China: Add bite to America's bark" (Economic Viewpoint, May 13), Professor Dornbusch was right in stating that Washington and Beijing are playing by different sets of rules. But he proposed a strange suggestion: that if China does not comply with certain stated objectives, most-favored-nation status should be withdrawn automatically. That is equivalent to saying that U.S. trade and business as well as the Chinese people (not the government) should be punished automatically if the Chinese government does not behave. I believe it would be in America's best interests to stick to its own rules: delink international trade and investment with politics.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.