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.
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?
The AIG Global Trade Series 2021 is a series of podcasts analysing the complex interplay of factors shaping the global trade system. The Global Trade Series is a collaboration between AIG and the following international organizations with leading expertise on global trade: Georgetown Law, Institute of International Economic Law; Chatham House; the Clingendael Institute; the International Chamber of Commerce UK and France; the Delors Institute; the Research Institute of Economy, Trade & Industry, IAA; and the Bertelsmann Stiftung (Knowledge Partner).
- Date: September 21, 2021
- Alicia García Herrero, Senior Fellow, Bruegel
- Stephanie Segal, Senior Fellow, Center for Strategic & International Studies
- Rem Korteweg, Senior Research Fellow, Clingendael Institute
(This podcast episode was recorded on September 21, 2021.)