Earlier this month, I participated in the Harvard Asia Conference panel on US-China commercial relations. My co-panellists were Mr Steve Orlins, president of the National Committee on United States-China Relations, and Harvard professors Graham Allison and William Kirby. Remarkably, there was a strong consensus among us that former president Donald Trump's trade war against China hadn't helped American workers or consumers. Nor had it reduced the trade deficit. Or helped the US economy. In short, the trade war had completely failed.
If it has failed, why has the Biden administration not reversed it?
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