President Trump has made reducing the U.S. trade deficit a priority, blaming trade deals like NAFTA, but economists disagree over how policymakers should respond.

With President Donald Trump launching NAFTA negotiations and criticizing the WTO, international trade dispute forums are under increasing scrutiny.

China’s industrial policy is aimed at rapidly expanding its high-tech sectors and developing its advanced manufacturing base. The plan is seen as a threat by President Trump, and could escalate the trade war.

China’s colossal infrastructure investments may usher in a new era of trade and growth for economies in Asia and beyond. But skeptics worry that China is laying a debt trap for borrowing governments…