The trade struggles with China began January 2018. Contrary to promises, it was not an easy win for the US. Tensions mounted to become a full-scale trade war. Then in 2020, administration officials began seriously to speak of an decoupling of the US and China – an unthinkably costly step in a digital world in which complex supply chains all over the world are essential to economic functioning. China, meanwhile, forged ahead making trade deals with countries all over the world.
A new administration with a new outlook on world trade could take steps to ending this war, much to the benefit of US producers and consumers. I discuss this prospect on an appearance on BBC World News.