Image courtesy of M Woods
This article was originally published by the Stimson Center on 31 October 2019.
Since the beginning of the tariff war in mid-2018, the escalation of the trade tensions has been widely expected to continue into the 2020 presidential election season. While President Trump’s team may still believe that a trade deal is well within reach in the near future, that perception is not at all shared by the Chinese government. The U.S. and China have entered a war of attrition. U.S. policy makers need to prepare for a long game regarding trade tensions and the eventual de-coupling of the two economies, regardless of whether that was the original intention.
This article was originally published by the Istituto Affari Internazionali (IAI) on 22 July 2019.
The recent G20 summit in Osaka in June failed to deliver a breakthrough in the growing US-China rivalry over trade and technological supremacy. Like the rest of the world, Europe is feeling the heat of the trade war US President Donald Trump unleashed against China. As a resolution of this tug-of-war is not in sight, the EU’s new leadership should start preparing a comprehensive response.
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This graphic maps and ranks the US’ most important trading partners by trade volume. For an analysis of how this ranking is reflected in the Trump administration’s approach to trade policy, read Jack Thompson’s new Strategic Trends 2019 chapter here. For more CSS charts, maps and graphics on economics, click here.