U.S-China trade war

China is modernizing its economic statecraft, mirroring Washington’s approach. How might Beijing leverage these evolving policy tools to navigate the ongoing trade and tech wars?

The bill would “suspend normal trade relations” with China and increase tariffs on all Chinese exports to the United States to at least 35 percent.

If China is able to seize the opportunity to revitalize its domestic economy and invigorate the multilateral system, Trump’s trade war 2.0 could end up a strategic gift to Beijing. 

The targeted and restrained nature of the latest round of tariffs suggests the U.S. and China are unlikely to engage in a full-scale trade war this year. But the situation remains precarious. 

While there are important similarities between the Biden and Trump approaches toward China, there are also stark and meaningful differences.

Did the tit-for-tat tariffs move China and the U.S. toward economic decoupling? 

The hyper-competitive international production chains that have long characterized Asia's economies now face a significant political recalibration.

There are enough real issue between the U.S. and China. There is little need to invent tensions, such as with the Chinese digital currency.

How will U.S. President-elect Joe Biden manage the U.S.-China relationship?

Both the U.S. and China expressed satisfaction with the talks and the implementation of the deal thus far.

The Phase One deal is being hailed by both sides as a victory, but it leaves a lot of unfinished business.