, Columnist
It’s Time for a Timeout in US-China Rivalry
For both sides, the costs of a strategic pause are lower than the risks of the current downward spiral in relations.
Yellen’s speech was a good start.
Photographer: Anna Moneymaker/Getty Images
This article is for subscribers only.
No matter how fierce, any competition requires a timeout now and again. The US-China rivalry is no exception.
That may have been the thinking behind US Treasury Secretary Janet Yellen’s conciliatory speech last week, in which she called for a “constructive” economic relationship with China and rejected decoupling as “disastrous.”