From the International Herald Tribune (link)
With President Hu Jintao due to visit the United States, there is an urgent need for a cease-fire in the war of words between China and the United States over trade.
Here is how to do it in ways that would not only serve both countries’ interests but those of global trade.
First, both should agree on the point that trade imbalances are a global issue more than a bilateral one. It makes little sense for the United States to focus on China’s currency value and China to berate America for its lack of savings when the imbalance issues are more complicated.
