US - China relations: when decoupling meets dual circulation

Is the trade war doomed to continue?

Moderator:
Rem Korteweg, Senior Research Fellow, Clingendael Institute

Panellists:
Alicia García Herrero, Senior Fellow, Bruegel
Stephanie Segal, Senior Fellow, Center for Strategic & International Studies

This podcast episode was recorded on September 21, 2021

The AIG Global Trade Series 2021 examines the ongoing transformation of the world’s multilateral trading system.

The world’s most important trading relationship, that between the United States and China, has entered a new phase. As the geopolitical and economic rivalry between the US and China has intensified, mutual frustration and distrust has grown between the two superpowers. This mistrust has played out clearly in the trade arena through tariffs, bids for self-sufficiency, and the reshoring of global supply chains.

Although the mistrust predated COVID19, the pandemic has undoubtedly accelerated an attempt by the two major trading nations to decouple.

In this podcast, moderator Rem Korteweg of the Clingendael Institute is joined by Alicia García Herrero, Senior Fellow, Bruegel, and Stephanie Segal, Senior Fellow, Center for Strategic & International Studies. Listen as they discuss the future of US-China trade relations.

Is the US-China trade war doomed to continue? Can policymakers in Washington D.C. successfully make a pro-trade argument to a domestic audience? What is the role of the European Union as it watches the two largest trading nations attempt to decouple, and by extension deglobalize?

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