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US-China multi-front rivalry will persist

Content type:: Expert Briefings
Location:: US-CHINA
Keywords associated with this article:: Geographic: International INT China United States US-CHINA

Topical: economy electronics foreign investment foreign policy foreign trade growth manufacturing sanctions talks technology
ISSN:: 2633-304X
Citation:: Oxford Analytica (2019), "US-China multi-front rivalry will persist", Expert Briefings.
https://doi.org/10.1108/OXAN-DB241927

Monday, February 18, 2019

Subject

US-China trade talks and rivalry.

Significance

US-China trade talks will resume in Washington this week after US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin met Chinese President Xi Jingping in Beijing on February 15. Both sides were positive about the US visit but no progress was revealed. President Donald Trump has said that he will not meet with Chinese President Xi Jinping before the early-March deadline when the tariff rate is due to be raised to 25%.

Impacts

Little progress is likely before or even on March 1; Trump could extend the deadline.
Technology will be the most contentious front on which the two countries oppose each other.
Mutual US-China suspicion and less cooperation could weigh on global investment and trade for years.

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