Tensions could extend beyond the trade sphere and impact other areas of contention between Washington and Beijing.
By Paul Sonne Paul Sonne National security reporter focusing on the U.S. military Email Bio Follow May 19 at 2:59 PM The United States for years relied on economic interdependence with China as a stabilizing force in relations with Beijing, with business between the two nations forming what former treasury secretary Hank Paulson used to call the “ballast” in U.S.-China affairs.
The U.S. military is expressing growing alarm about China’s defense buildup. Human rights advocates are crying foul over China’s use of surveillance technology and internal reeducation camps for Muslims. And some American business executives, who once prized China and advocated for a more conciliatory stance toward Beijing, say they feel stung by what they see as unfair practices, ranging from intellectual-property theft to rules that require partnerships with local Chinese entities.
Still, the United States and China have developed a complex and robust economic relationship that dates to the normalization of diplomatic ties four decades ago. Today, the United States imports more than half a trillion dollars in Chinese goods per year, underscoring the extent to which both nations have hitched their economic futures to each other and melded their supply chains in the decades since the diplomatic breakthrough of 1979.
“While I understand the appeal of thrusting China into a role of Soviet Union 2.0, thrusting or forcing China into that role would lead us toward a very misguided goal of containment,” said Ali Wyne, a policy analyst at Rand Corp. “China is far more powerful economically than the Soviet Union ever was.”
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