Support in Congress for the president’s trade war and his fabricated claims that China is manipulating its currency suggests that bilateral relations and global economic conditions are going to get a lot worse before they get better.
It is reasonable to conclude that Huawei presents some degree of threat to U.S. national security, but one that likely can be mitigated through measures less comprehensive than banning all forms of commerce.
NAFTA certainly enabled more cross-border final goods trade, but it also facilitated the development of a globally competitive North American production platform, most consequentially in the auto sector.
In the 21st century, governments are competing to lure capital investment from the world’s best companies. Those companies have options and the importance of their contributions to U.S. economic growth and dynamism cannot be overstated.