, Columnist
China Is ‘Factory of the World,’ But It’s Outgrowing That
Expect more growing pains.
Exports won’t always be China’s lifeblood.
Photographer: Anthony Kwan/Bloomberg
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President Donald Trump talked tough against Mexico, and then essentially agreed to renew the existing trade deal and called that a victory. If only the China spat could end the same way. It won’t.
That’s because the gulf between Beijing and Washington is not just caused by recent rhetoric and tariffs. It also goes beyond national security concerns. The inevitable clash stems from how the American and Chinese economies have evolved over decades.