The United States and China are the world's two largest economies. When the two countries became embroiled in a trade war, the flow of international trade slowed down. Whether the trade war will continue remains an interesting question, as the US is now under the new administration of President Joe Biden.
We argue that the US-China trade war is very likely to continue, but in a different way. Biden stated in his inauguration speech that vaccinations, fiscal stimulus and more positive trade politics, not a trade war, will improve the condition of the global financial market and the global economy. As we know, President Biden has inherited a highly tense relationship with China from his predecessor, former president Donald Trump.
We believe that Biden will take a more diplomatic approach to China in bilateral trade and investment. His approach may use diplom...
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