Stage set for prolonged US-China battle on trade

What US trade hawks are effectively seeking is an overhaul of China's state-led economic model

The tit-for-tat tariffs that we are witnessing between the United States and China are not merely unpleasant trade measures. They are the early salvos in the battle for industrial dominance that could play out for a long time.

After imposing two rounds of tariffs - first on steel and aluminium and then on US$50 billion (S$66 billion) worth of Chinese goods, US President Donald Trump has raised the ante by proposing tariffs on another US$100 billion of Chinese exports.

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A version of this article appeared in the print edition of The Straits Times on April 07, 2018, with the headline 'Stage set for prolonged US-China battle on trade'. Print Edition | Subscribe