Lawrence J. L.


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


The Chinese University of Hong Kong



The relationship between China and the United States is arguably the most important as well as the most critical bilateral relationship in the world today. The U.S. is the largest economy and the mightiest military power in the world. China is the second largest economy, the most populous nation and a significant nuclear power. If China and the U.S. work together as partners towards a common goal, many things are possible. However, if they confront each other constantly, a war may eventually ensue, and the resulting devastations are unthinkable. There are no winners in a nuclear war. It is therefore important for bilateral relations to be carefully managed by both countries, so that any unnecessary confrontation can be avoided.

In writing this book, I have three basic objectives. First, I want to show that while the real effects of the China-U.S. trade war in 2018 are not negligible, they are relatively manageable for China and even more so for the U.S. This is true even if the new U.S. tariffs eventually cover all U.S. imports from China.


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