The authors (of Georgetown U., Massachusetts Institute of Technology, and the Institute for International Economics) review developments in the major trade disputes between the United States and China, including the debates over the revaluation of the renminbi, textiles and clothing, intellectual property rights, the China National Offshore Oil Corporation case, semiconductor chips and automobile parts, and antidumping disputes. The issues in each case are analyzed and policy recommendations are given for both sides. Annotation 2006 Book News, Inc., Portland, OR (booknews.com)