Apr 16, 2018 04:06 PM

Opinion: Shortsighted Business Strategies, Not Trade, Source of China-U.S. Tensions

* Global business, led in many sectors by U.S. companies, have made huge profits on the back of a once-in-a-lifetime opportunity to arbitrage prices and costs in China

* The China-U.S. trade gap results from an unholy compact between China Inc. — focused on its long-term interests — and American companies seeking short-term gains

Today’s clash between China and the U.S. is miscast as being about trade imbalances. At stake is a fundamental difference in how they do business. Most of all is their divergent appetites for the long-game over short-term gains.

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