The “WTO consensus” that goes back to the beginning of this century has broken down. Criticism of China is one thing that unites divided Democrats and Republicans in the United States, and the national security establishments in both countries increasingly focus on the other as the future adversary. Yet the two countries are more integrated economically and more interdependent than many recognize, as the 2020 coronavirus outbreak unhappily demonstrated; and they are mutually dependent on global prosperity. But that reality counts for less as calls grow louder for “decoupling” between the
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