The Atlantic

China and America May Be Forging a New Economic Order

It’s not a Cold War. But the dispute between the world’s two largest economies is taking the world into unknown territory.
Source: Thomas Peter / Reuters

“New U.S.-China Tariffs Raise Fears of an Economic Cold War,” proclaimed a Washington Post headline. The New York Times alleged that the United States and China were already “on the cusp” of such a “new Cold War.” Driving this hysteria was the Trump administration’s Monday announcement unveiling tariffs on an additional $200 billion of Chinese imports, followed nearly immediately by a Chinese promise to retaliate. This back-and-forth has been ongoing since January, and a resolution does not seem anywhere close, if one’s even possible.

As the U.S.-China expands across multiple domains, there are even worries that could, over the long term, make the prospect of a between the two more likely. Which raises the urgent question: How does this end?

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