For the U.S. and China, the Economic Fight of the Century Begins
May 10, 2018 | 08:00 GMT
(JOHANNES EISELE/AFP/Getty Images)
- The United States and China have been on the path toward a trade war since China's economic miracle brought the country back to global prominence 40 years ago.
- China will try to defuse the tension with the United States, but it won't concede on its core economic policies, including those supporting its tech sector.
- Even if the two sides can reach a deal on issues such as boosting U.S. imports to China, the underlying competition between them will persist far beyond the current presidential administration in Washington.