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RSS FeedsCould the US-China trade row become a global cold war? | Nouriel Roubini
(The Guardian China)

 
 

20 may 2019 16:34:01

 
Could the US-China trade row become a global cold war? | Nouriel Roubini
(The Guardian China)
 


If Donald Trump and Xi Jinping slide into ongoing animosity, the world will pay the priceA few years ago, as part of a western delegation to China, I met Xi Jinping in Beijing´s Great Hall of the People. When addressing us, Xi argued that China´s rise would be peaceful, and that other countries - namely, the US - need not worry about the `Thucydides trap`, so named for the Greek historian who chronicled how Sparta´s fear of a rising Athens made war between the two inevitable. In his 2017 book Destined for War: Can America and China Escape Thucydides´s Trap?, Harvard University´s Graham Allison examines 16 earlier rivalries between an emerging and an established power, and finds that 12 of them led to war. No doubt, Xi wanted us to focus on the remaining four.Despite the mutual awareness of the Thucydides trap - and the recognition that history is not deterministic - China and the US seem to be falling into it anyway. Though a hot war between the world´s two major powers still seems far-fetched, a cold war is becoming more likely. Related: US warship sails in disputed South China Sea amid trade tensions Related: Google´s Huawei ban is good news: tech giants shouldn´t always get their way | Simon Jenkins Continue reading...


 
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