PoliticsAhead of US-China summit, economist proposes three guardrails to prevent miscalculation and escalation

As the Xi-Trump summit approaches in Washington, Yeling Tan of the Peterson Institute for International Economics proposes three policy guardrails: greater transparency, clear rules and procedures for economic retaliation, and a defined boundary between national security and the economy with a positive list. She warns that intertwined supply chains could make export restrictions trigger cascading cross-border effects.