Trade AbusersThe West blames China for over-production but the global narrative is that China has embraced global trade and it is the U.S. that has become isolationist. This framing is disputed by Stewart Paterson at the Singapore-based Hinrich Foundation. He notes that trade flows show the opposite. America has played an outsized role as an importer and despite Trump I tariffs and those retained by Biden, the nation’s trade deficit has only grown larger, especially when contrasted with China. Meanwhile, Beijing’s “import preferences steadily narrowed and its propensity to import fell as it focused trade policy on stockpiling critical commodities, client supplier-countries, and an emphasis on self-reliance.” China’s propensity to import as...