, Columnist
China’s Trade Model Is Built on Keeping Others Poor
China’s dominance of world trade is crushing the developing world.
Photographer: Qilai Shen/Bloomberg
The world has, for the most part, welcomed the trade truce between the US and China. Exporters, in particular, are hoping for a period of quiet that will allow them to adjust to a new world with higher tariffs and more restrictions.
Yet for workers and companies across the developing world, the possibility of a return to a status quo ante isn’t an entirely comforting notion, either. A new normal that preserves China’s dominance of global trade hurts them far more than it does the US or other Western nations.