Finally the us has a number of unilateral actions it

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Finally, the U.S. has a number of unilateral actions it should also explore to better deal with the challenges China presents. Targeted use of the foreign investment review process and export controls will be an important response to China’s quest for U.S. technology. Heightened use of WTO-consistent trade remedy tariffs should also be in the U.S. toolkit. If the current level of U.S.-China trade tensions remain for an extended period of time, bilateral trade and investment are likely to decrease, which would be a lose-lose for both sides. The U.S. and China have a historical opportunity to level the playing field between the world’s two largest economies to ensure not only growth and prosperity for both countries but the world economy and the global trading system.
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The US-China economic relationship: A comprehensive approach 24 Joshua P. Meltzer is a senior fellow in the Global Economy and Development program at the Brookings Institution Neena Shenai is a visiting scholar at the American Enterprise Institute Acknowledgements The Brookings Institution is a nonprofit organization devoted to independent research and policy solutions. Its mission is to conduct high-quality, independent research and, based on that research, to provide innovative, practical recommendations for policymakers and the public. The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars. The American Enterprise Institute is a public policy think tank dedicated to defending human dignity, expanding human potential, and building a freer and safer world. The work of our scholars and staff advances ideas rooted in our belief in democracy, free enterprise, American strength and global leadership, solidarity with those at the periphery of our society, and a pluralistic, entrepreneurial culture. AEI operates independently of any political party and has no institutional positions. Our scholars’ conclusions are fueled by rigorous, data-driven research and broad-ranging evidence. This policy brief is part of a broader Brookings and American Enterprise Institute project, entitled “Rethinking Globalization,” led by the authors. Support to the Brookings Institution for this publication was generously provided by Hinrich Foundation. Brookings recognizes that the value it provides is in its absolute commitment to quality, indepen- dence, and impact. Activities supported by its donors reflect this commitment.
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