Defusing the US-China trade conflict

Trump and Jinping are ramping up a global trade war PIC: CHINA-USEMBASSY-CHINA.ORG.CN
Trump and Jinping are ramping up a global trade war PIC: CHINA-USEMBASSY-CHINA.ORG.CN

The emerging Sino-American trade war was caused by structural flaws on both sides that long predate Donald Trump's presidency. It also reflects the convergence of economic competition and national security concerns, against the background of the shift to a multipolar global order. Wing Thye Woo* writes

DAVIS: Every year since 2000, when then-presidential candidate George W. Bush called China a strategic “competitor” of the United States, I have welcomed the arrival of Christmas with a sigh of relief that a Sino-American trade war was averted for another 12 months.

But by January, my holiday cheer is usually replaced with dread because the tensions fuelling Bush’s rhetoric – and the reasons he dismissed Bill Clinton’s preferred label of “partner” – have never adequately been addressed. And, as we are seeing now, the risks to the global economy have only grown more ominous in the years since.

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