A common understanding of why U.S.-China relations have cratered since the 2016 election of former President Donald Trump is that the world’s two largest economies had gone from being complementary to being increasingly competitive and zero-sum. But even in this economic relationship, there are still ways to find common ground.
Trade
Recent setbacks for two major Chinese projects in Latin America are likely music to U.S. policymakers’ ears and could point to the quiet diplomacy of the administration of U.S. President Joe Biden paying off in key areas of concern. How Beijing reacts to these setbacks will shape its future relations with Latin America.
At a time when free trade deals are seen as toxic across the political spectrum, President Joe Biden has promised a “worker-centered trade policy” that aims to create domestic jobs. But from the beginning, his administration’s approach has been met with a great deal of skepticism both from domestic critics and U.S. trade partners.