In the end, Ernst concludes, both the U.S. and China have a strong interest in finding a compromise during the APEC Summit. From the U.S. perspective, a mini ITA-2 without China would be an oxymoron. Not only is China the world biggest smart-phone market, it is also by far the most important market for U.S. semiconductor firms.
Let's end Investor State Dispute Settlement (ISDS) which allows multinationals to sue for lost future profits. This means that if Honduras passes new legislation to safeguard the environment from African palm or a higher minimum wage, multinationals that lose profits can sue the government for billions of dollars.