From Council on Foreign Relations:
The U.S.-China trade relationship, one of the world’s largest, is a flashpoint for concern over the U.S. trade deficit, China’s currency valuation, and Chinese intellectual property regulation. This relationship is under especially keen scrutiny as the 2008 presidential campaign heats up in the United States, with Democratic front-runners favoring punitive duties against China if it does not act to revalue its currency. Robert E. Scott, senior international economist at the Economic Policy Institute, and Daniel J. Ikenson, associate director of the Cato Institute’s Center for Trade Policy Studies, debate whether the next U.S. president should get tougher with China on trade.
