U.S. Abandons Push to Reshape China's Export Economy
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- U.S. trade chief described trying to change China's economy as "crazy," per the headline framing of the policy shift.
- United States has largely given up on persuading Beijing to alter its export-heavy economic model.
- Biden administration pursued economic diplomacy with China most recently, making the current stance a sharp break from years of U.S. policy toward Beijing.
- Europe is simultaneously grappling with its own "China shock" fueled by the same Chinese export-heavy model.
Why it matters: The U.S. is ending years of economic diplomacy aimed at rebalancing China's export-driven growth, leaving European allies to absorb the China shock from the same trade pressures Washington has stopped contesting — a reversal even from the Biden era's approach.
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