U.S. Abandons Push to Reshape China's Economy — SkimNews
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- U.S. trade chief publicly called trying to change China's economy "crazy," per the headline framing
- The U.S. has largely given up on persuading Beijing to alter its export-heavy economic model
- Europe is simultaneously grappling with its own "China shock," according to the source
- The shift represents a sharp break from years of U.S. economic diplomacy, including most recently during the Biden administration
- Beijing's export-heavy model, which the source notes is helping fuel the China shock Europe is absorbing, remains unchallenged by U.S. persuasion efforts
Why it matters: Washington has ended a decade-plus strategy of using diplomacy to convert its trade relationship with Beijing, with the trade chief's blunt dismissal signaling the U.S. will compete with or contain China's export model rather than try to rewire it. Europe, still absorbing its own version of the same shock, is now charting a separate path without a coordinated Western front.
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