Crises are not only opportunities which should, to paraphrase Rahm Emmanuel, never be allowed go to waste. They also serve as clarifying moments. Unexpected events can shatter even the strongest consensus on a given topic. The coronavirus pandemic is such a moment when it comes to America’s relationship with China.
Until relatively recently, most Western policymakers calculated that a steady integration of China into the global economy would be of mutual economic benefit for China and Western nations. Trade with other countries and an associated growth of commercial freedoms inside China, it was further held, would soften the regime’s authoritarian character, gently create space for other domestic liberties, and help tame China’s more aggressive external impulses.
That consensus has, however, been collapsing for some time. This was signaled by the 2017 National Security Strategy issued by the Trump Administration. Many policies, it stated, had been “based on the assumption that engagement with rivals and their inclusion in international institutions and global commerce would turn them into benign actors and trustworthy partners.” But, the document then added, “For the most part, this premise turned out to be false.”
A major effect of the coronavirus pandemic has been to confirm that economic integration has not substantially changed the Chinese regime’s nature. The question thus becomes: where does America go from here vis-à-vis China? Even more particularly, what should America do about its trade relationship with China?
Read more at Acton