US-China Trade War

Battles lines drawn between the world's two largest economies
Register and follow to be notified the next time content from US-China Trade War is published.
Background and explainers on the trade war between China, led by President Xi Jinping, and the United States, and its President Donald Trump. Having started in July 2018, the prolonged conflict reached a turning point in January 2020 with the signing of the phase one trade deal, but not after it had weighed heavily on the global economy for 18 months due to additional import tariffs levied by both China and the US. The US has accused China of unfair trading practices, including intellectual property theft, forced technology transfer, lack of market access for American companies in China and creating an unlevel playing field through state subsidies of Chinese companies. China, meanwhile, believes the US is trying to restrict its rise as a global economic power....more
Latest News
The US likes to claim it is the world’s greatest democracy and engine of wealth – gospels which must be spread around the world. Current news headlines say otherwise.
SCMP ColumnistAlex Lo
Challenges abound for the World Trade Organization, but the appointment of Ngozi Okonjo-Iweala in the wake of the new US administration creates a pathway for the return of multilateralism
Other countries prefer to stay neutral amid the intense jockeying for influence between China and the US. The only way they can achieve that is to join hands in pushing back attempts by either power to use them as a pawn against the other.
Anti-China sentiment has to be put aside at virtual meeting of world’s most industrialised nations in the grip of crippling pandemic, economic grief and climate crisis.
With Trump out of the frame and potentially strong New Zealand leadership in Apec, there is fresh optimism about regional cooperation. Given its position at the heart of regional trade deals, Apec has the ability to drive growth.
Chinese angered at Washington’s move against Confucius Institutes should ask themselves a question about the meaning of reciprocity, writes Wang Xiangwei.
SCMP ColumnistWang Xiangwei
Given China’s history of ignoring bilateral agreements, how can the EU’s modest and incremental investment agreement hope to hold China to account? A collective approach, rooted in effective transatlantic cooperation, would at least have a chance.
In contrast to Trump administration policies that deterred international students, Biden’s statements and initial actions in office have been supportive of higher education and welcoming towards STEM graduates.
While the US strategy paper regurgitates the views of Trump-era China hawks, wiser counsel says the US should learn to live with a competitor, writes Wang Xiangwei.
SCMP ColumnistWang Xiangwei
When weighed against the risks, US Treasuries still offer the best returns for China’s massive reserve stockpile. Diversifying into the euro and yen, for example, would mean giving up yield.
With so many problems at home, the new US president is unlikely to make immediate changes to policies on Beijing, but it is in the interest of both countries to focus on normalising ties.
View all