U.S-China trade war

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.

A preliminary deal may be on the way, but neither side can truly declare victory.

The deal will be inked on January 15 in Washington, Trump says, and “Phase Two” negotiations will start soon thereafter.

A White House press call includes some more details on the agreement that was announced December 13.