US Trade Policy on China Has Failed by Its Own Standards

Xi Jinping’s arrival at the White House on Thursday will be the first Chinese state visit to the United States since 2015. It thus makes for the perfect time to judge the radical changes to US-China trade policy that President Donald Trump unleashed in 2018. After eight years of historically high tariffs, export controls, industrial policy, and more, we can conclude the policy has been a failure by its own objectives.