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Outside the Box: China always promises to stop cheating on trade, but never does

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President Donald Trump announces tariffs on steel and aluminum imports during a meeting with leaders of the steel industry at the White House in March 2018.

China’s Vice President Wang Qishan recently announced that Beijing is ready to have discussions with the United States and “work for a solution” on trade challenges. It sounds impressive, especially since President Xi Jinping just made a similar pledge that China is ready to “advance an open world economy.”

Unfortunately, we’ve heard this from Beijing literally hundreds of times before. And nothing ever changes.

Here’s the bottom line: China remains the most protectionist nation on earth.

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