#USChinaTradeTalks The United States appears to have reached a turning point in its economic relationship with China.

During the 2016 presidential campaign, candidate Donald Trump accused Chinese policymakers of perpetrating the “greatest theft in the history of the world” and blamed their foolish and incompetent American counterparts for letting them get away with it. Trump’s rhetoric was characteristically overheated (“we can’t allow China to rape our country”) and, in the view of most economists, he misidentified the primary symptom of the problem (the size of the U.S. trade deficit with China), misstated its cause (an undervalued Chinese currency), and proposed a cure (a 45 percent tariff on Chinese imports) that would have been worse than the disease