Trade wars to stay for decades, say panellists

The conflict is a struggle for dominance between the US and China, say economists at the 14th annual FX Week Asia event

power-struggle
Power struggle: the US is handling China like it treated the Soviet Union in the 70s and 80s, says economist

Trade wars between the US and China are not all about US president Donald Trump’s efforts to curry favour with voters; instead, it is a reflection of the political and economic struggle for dominance between the two countries, according to economists speaking at the 14th annual FX Week Asia conference.

Panellists highlighted that despite the controversial rhetoric from Trump, the US and China want to position themselves as world leader by 2025, and neither side is likely to soften their stance

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