The US, China and the logic of fighting trade wars

PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

They don't call them trade wars for nothing. The latest round of tit-for-tat trade sanctions between the United States and China is driven by the same emotions of fear and pride that lead real wars to break out.

One country makes an aggressive move, so the other feels obliged to respond in kind. Both sides fear that if they back down, they will lose face in the eyes of the world and of their own people.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on September 20, 2018, with the headline The US, China and the logic of fighting trade wars. Subscribe