Brace Yourself for the New Normal: One Year into the U.S. -China Trade Dispute

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China US Focus

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A year has passed since the beginning of the tit-for-tat trade war between China and the United States that has shaken up the global economy. In search of a trade deal, U.S. and Chinese negotiators have had eleven rounds of trade talks in 2019 alone. But negotiations collapsed in May, with each side blaming the other for the impasse. President Donald Trump and President Xi Jinping’s truce on the sidelines of the Group of 20 Summit in Osaka on June 28 was welcome news that has paved the way for the resumption of talks. But we saw a similar presidential handshake for a trade war cease-fire at the previous G20 meeting in Buenos Aires last December, and that cease-fire did not last. The world’s two great economic powers on either side of the Pacific still remain as far apart as they were one year ago.