Foreign Affairs - 11.2019 - 12.2019

November/December 2019 99 WEIJIAN SHAN is Chair and CEO of PAG, a Hong Kong–based private equity firm, and the author of Out of ...

Weijian Shan 100 μ¢œ¤ž³£ ¬μ쬞œ˜ The parties to this trade war may yet step back from the abyss. There have been over a dozen ro ...

The Unwinnable Trade War November/December 2019 101 widening o¡ the U.S. trade de ̄cit with China: by nearly 12 percent in 2018 ...

Weijian Shan 102 μ¢œ¤ž³£ ¬μ쬞œ˜ ican Chamber o‘ Commerce in Shanghai, fewer than six percent o‘ U.S. businesses in China plan t ...

FA 103_20_ColumbiaPress.indd 1 9/19/19 4:04 PM ...

Weijian Shan 104 μ¢œ¤ž³£ ¬μ쬞œ˜ and as a result, Canadian lobster exports to China doubled. Chinese consumers now pay less for ...

The Unwinnable Trade War November/December 2019 105 1,000 aircraft, just to the United States or to other countries that might h ...

Weijian Shan 106 μ¢œ¤ž³£ ¬μ쬞œ˜ The resilience o‘ the Chinese economy in the face o‘ the trade war helps explain why Beijing ha ...

The Unwinnable Trade War November/December 2019 107 dependable—when disrupted, for instance, by the boycotts and hostility o‘ tr ...

Weijian Shan 108 μ¢œ¤ž³£ ¬μ쬞œ˜ However, the government-controlled sector remains too big, ine”- cient, wasteful, and moribund, ...

KIMBERLY CLAUSING is Thormund A. Miller and Walter Mintz Professor of Economics at Reed College and the author of Open: The Prog ...

Kimberly Clausing 110 μ¢œ¤ž³£ ¬μ쬞œ˜ seekers at the border and undocumented immigrants within the United States, as well as red ...

The Progressive Case Against Protectionism November/December 2019 111 to $54,500. That’s less in relative terms—advanced economi ...

Kimberly Clausing 112 μ¢œ¤ž³£ ¬μ쬞œ˜ disappointing outcomes in American labor markets. Across all indus- tries, the returns to ...

ZALMAN SHOVAL From British-ruled Palestine to Israel’s ambassador to the U.S. Foreword by Dennis Ross “In the various functions ...

Kimberly Clausing 114 μ¢œ¤ž³£ ¬μ쬞œ˜ That said, it is easy to overstate the stakes here. Even ideal trade agreements would do l ...

The Progressive Case Against Protectionism November/December 2019 115 decit. Instead, policymakers are moving in the opposite d ...

Kimberly Clausing 116 μ¢œ¤ž³£ ¬μ쬞œ˜ o‘ their income and because a higher share o‘ their spending goes to heavily tari
ed produ ...

The Progressive Case Against Protectionism November/December 2019 117 PEOPLE POWER Protectionism is harmful for most American wo ...

Kimberly Clausing 118 μ¢œ¤ž³£ ¬μ쬞œ˜ Äscal burden o‘ caring for the elderly is enormous. In Japan, there are eight retired peop ...