International trade has become politically unpopular in America in recent years. Increasingly, voices at either end of the political spectrum have set the terms of debate. For some, these calls have been prompted by a view that international trade damages workers and diminishes America’s ability to produce at home. For others, such calls are cloaked in the language of national security—in particular, concern about the rise of China. American firms should not be trading technology or putting money in China’s pockets, they say, because doing so is tantamount to strengthening a rival and growing adversary. Calls for protectionism generally, and decoupling from China particularly, are growing louder.
Mr. Greenberg also made the case for the economic benefits to the U.S. of international trade and investment, including with China, in a keynote address at a forum presented by the Center for Strategic and International Studies (CSIS) and The Peterson Institute for International Economics (PIIE). Watch Mr. Greenberg’s full speech at CSIS, including an introduction by John J. Hamre, CSIS President and CEO, and Langone Chair in American Leadership, and a Q&A with Adam S. Posen, President of PIIE.