A 3 year trade war has created corporate casualties in both US and China. In China, a dual circulation model is now underway to mitigate the effects of US protectionism. In the US, a Biden administration mulls new economic measures against China, even as industry groups lobby for tariffs to be lifted. Both countries also brace for what used to be unthinkable- the possibility of a financial war.
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A 3 year trade war has created corporate casualties in both US and China. In China, a dual circulation model is now underway to mitigate the effects of US protectionism. In the US, a Biden administration mulls new economic measures against China, even as industry groups lobby for tariffs to be lifted. Both countries also brace for what used to be unthinkable- the possibility of a financial war.
