The Right Way to Sanction China
OVER THE LAST five years, the United States has struggled to influence Chinese behavior. Washington’s responses to Beijing’s increasingly assertive activities—ranging from economic espionage to artificial island construction—have been largely ineffective. Yet U.S. leaders are now considering a new option: economic sanctions. Conventional wisdom holds that the U.S.-Chinese economic relationship is “too big to fail” and that Washington therefore has little economic leverage with Beijing. Indeed, U.S.