>China has effectively been waging a trade war with the US for the past 20 years. This is a narrative that has not been emphasized enough. America just hasn’t responded—which I find baffling.
It has been a one-sided conflict because the risk of provoking the other is too great. It's like MAD but in the economic realm instead of the military. China has a gotten slight advantage on us by playing chicken and we're afraid that by responding we may escalate too far.
It has been a one-sided conflict because the risk of provoking the other is too great. It's like MAD but in the economic realm instead of the military. China has a gotten slight advantage on us by playing chicken and we're afraid that by responding we may escalate too far.