The China-U.S. Trade War and Future Economic Relations

Some believe in the “Thucydides Trap”: the idea that, since a rising power will challenge the dominance of an established one, a China-U.S. trade war will be inevitable. Being the largest and the second largest trading nations globally, the U.S. and China are in fact each other’s most important trading partners, among many aspects of their complex interrelationships.

In this book, Lawrence J. Lau examines various economic statistics of the past few decades to show that while the real effects...