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Guest Essay

By Steven Rattner

Mr. Rattner, a contributing Opinion writer, served as counselor to the Treasury secretary in the Obama administration.

A few weeks ago in New York, I was sitting at a dinner organized to discuss American trade when the conversation swiftly turned to China. Well-credentialed experts took opposite stances: Some supported President Trump’s muscular, aggressive positions, while others pushed for a less confrontational, more conventional approach.

I am no expert on trade, but I have made investments in China for........

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