How China's Trade Concessions Made It Stronger
The Wall Street Journal has provided a basic explanation on why it appears that the trade deal with China 15 years ago created unintended consequences. The beauty of this article is its concise explanation. As frequently happens in trade deals, the various political players and parties had a noble idea and executed it in good faith, but it still didn't benefit the U.S. as much as anticipated. The lesson from this report is that in the real world of economics, as well as political and human behavior, outcomes are desired, but often not foreseen. Yes, it's always tough to predict the future.
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