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China and the US are too intertwined to keep up the trade war

First published: Financial Times 08/06/2019

The US-China trade war is a symbol of the world’s biggest geopolitical schism since 1945, and it is not going away. We should see it as the “logic of conflict in the grammar of commerce”, a phrase first used by the American political scientist Edward Luttwak to describe the Japanese and German trade challenge to the US more than 30 years ago. Today, it is more chilling because the US and China are adversaries as well as competitors, and they lack the effective institutional architecture for engagement that once bound them. Read on…..