As China’s economic power has increased, so has criticism of its market-distorting economic practices. The U.S. government has brought international trade complaints against China and used unilateral actions and threats, but U.S. businesses are unsatisfied with the results. In a new paper
, Cato scholars Simon Lester
and Huan Zhu argue that an overly aggressive approach runs the risk of a serious U.S.-China trade war, and instead, the United States should initiate formal negotiations on a trade agreement with China.