Trade
Peter Walker:
  ·  2021-03-12  ·   Source: Web Exclusive

(The speaker is author and speaker on U.S.-China relations and former Senior Partner with McKinsey & Co.)  

He [President Biden] will focus on the real area of interaction with China, which is economy. Kissinger said this 20 years ago, while there are many areas that people talk about, at the end of the day, it's all about the economy. 

The trade war has been a lose-lose, which the economists have all said from day one, has resulted in a roughly half point drop in GDP growth for both countries. The economists would have always been right in the sense that free trade is the ultimate model.  

The U.S. under Trump is moving towards a decoupling of technology. What's not understood by the Trump administration is that science has always been an open architecture field that basic research that produces important insights is shared by all scientists. And yet Trump was moving in the direction of protecting our secrets.  

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