Forging a Better Trade Peace Between U.S. and China

Beyond these accomplishments, however, the victory rings hollow for both sides. The December agreement doesn’t mark a major breakthrough, nor does it come anywhere close to resolving the real contentious issues that separate the two countries. To reach the next phase will require each side to determine what fundamental concessions it might be willing to offer the other. But in the interests of Chinese and American prosperity—not to mention the health of the global economy—negotiators must find a way to come to a...