Three reasons for the non-stop US-China trade war
Keywords:
US-China trade relationship, hegemony, economic benefits, institution
Abstract
The prolonged US-China trade war which had a negative impact on the global trade and threatened the world’s economic growth halted temporarily after the US-China bilateral summit in Osaka at the end of June, 2019. The leaders of the two nations reached an agreement to restart their talks after 11 difficult and failed negotiations. Observers, however, have been suspicious about the prospects of the USChina long-term relationship, believing that the confrontation between the two giant economies has been suspended but not ended. The reason for the tense relationship between the two countries has not originated from particular disputes but from overall institutional and ideological problems.