Beijing’s and Washington’s Efforts to Disadvantage Each Other Have Put Each at Odds With Their Own Business Communities

Beijing’s and Washington’s Efforts to Disadvantage Each Other Have Put Each at Odds With Their Own Business Communities
People walk past the Nvidia booth during the China International Supply Chain Expo in Beijing on July 16, 2025. Jade Gao/AFP via Getty Images
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Commentary

While Washington and Beijing pursue policies to disadvantage the other, each has faced a battle—a little civil war of sorts—with elements in their respective business communities.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live.”