Page 233 - Trilateral Korea Japan U.S. Cooperation
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and collectively, to dissuade China from underwriting and
            empowering Pyongyang and repatriating its escapees. It also
            requires finding and exploiting the limits inherent in the
            China-Russia “without limits” partnership and Beijing’s “close
            as lips to teeth” quasi-alliance relationship with North Korea.


            Each of the three partners has unexplored or underutilized
            leverage in its own dealing with Beijing that needs to be
            examined and then deployed. Since the THAAD episode,
            many South Korean multinationals have been looking
            elsewhere to invest their dollars and expertise; Southeast and
            South Asia is calling!  Taiwan provides an example. This past
            year, Taiwan had more direct foreign investment in Southeast
            Asia than in China, a major shift driven by both economic and
            political considerations. Japanese and Korean businesses need
            to follow suit, and some already are.


            China professes to also want better relations with the United
            States and rejects the “New Cold War” formulation that
            many are using to describe the emerging relationship (despite
            continuing to do and say many things that would justify that
            characterization). First and foremost, Washington should
            reinvigorate the demand for reciprocity and a level playing
            field. Why should TikTok be allowed to operate in the United
            States when Facebook and Google searches are banned
            in China? While the U.S. today is far from the paragon of
            “free and open” trade that it once professed to be, there is no
            comparison between the openness and access to the American
            market compared to that of China’s. This too must change.


            China should also be challenged to live up to its own stated



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