"This is far preferable to unilateral actions taken by one nation that then lead to escalating retaliation by the other," he said.
At the same time, the United States and China should move quickly to restart the seemingly dormant negotiations for a Bilateral Investment Treaty (BIT).
A BIT could provide a framework for rules-based market access, allowing for fair and equitable operations of American and Chinese multinational corporations in each other's home markets.
"As such, a high-standard BIT would go a long way in pre-empting future disputes over trading practices that have put the U.S. and China on the brink of a major trade war," Roach said.
Since Trump prefers to have bilateral trade agreements and one-on-one talks with top decision-makers, Peterson suggested the two nations try those options to make progress on trade.
"Given the immense challenges we face as a global community, our two countries must work together productively in order to build a better world for all of our citizens and other citizens around the world," said Stephen Schwarzman, chairman and CEO of the Blackstone Group, at a Chinese Lunar New Year Gala last month.
"If we proceed from a foundation of mutual respect and understanding, we will identify areas of common interest and together meet challenges ahead," Schwarzman said.
"It's my firm belief that the relationship between the United States and China will define the 21st century," he added.
【国内英语资讯:Spotlight: U.S., China have better options to address trade issues】相关文章:
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