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The China-U.S Trade War and Future Economic Relations
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The China-U.S Trade War and Future Economic Relations

Lawrence J. Lau
The Chinese UP, 2019

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Editorial Rating

8

Qualities

  • Analytical
  • Background
  • Hot Topic

Recommendation

Lawrence Lau, a longtime professor of economics, sees no winners in the US–China trade war. Yet his study of the tit-for-tat battle between Washington and Beijing isn’t a political screed. Instead, Lau serves up a clear-eyed analysis of the geopolitical underpinnings of the trade dispute. He even calculates how much a full-scale trade war would cost the Chinese economy – and he concludes it would be little more than a glancing blow. Economists, executives and China watchers will appreciate this straightforward analysis of a complicated issue.

Take-Aways

  • China and the United States have a symbiotic relationship between unequal partners.
  • A trade war erupted when the United States imposed new tariffs on Chinese imports and China swiftly retaliated.
  • America’s longstanding trade deficit with China sparked the friction.

About the Author

Lawrence J. Lau is a professor emeritus in economic development at Stanford University and a professor of economics at the Chinese University of Hong Kong.

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