China’s leadership is attempting to manage international trade as if it were a game of Fluxx — a card game where players win by constantly changing the rules of the game on their opponents.
International trade cannot flourish under such conditions. And, while it may appear that the trade environment can be manipulated to benefit one side, ultimately such arbitrary actions harm all involved parties.
On June 23 and 24, Secretaries Kerry and Lew will host the seventh session of the U.S.-China Strategic and Economic Dialogue in Washington, D.C. The Dialogue, according to the Treasury Department, is an “essential step in advancing a positive, constructive, and comprehensive relationship between the two countries.” Without an honest conversation about the positive and negative aspects of the bilateral relationship, it will serve as nothing more than another bureaucratic photo-op.