If you think that the United States-China trade dispute is going to be easily resolved, you’re not paying attention. It’s so much deeper than you think — and so much more dangerous.
If President Trump and President Xi Jinping don’t find a way to defuse it soon, we’re going to get where we’re going — fracturing the globalization system that has brought the world more peace and prosperity over the last 70 years than at anytime in history. And what we’ll be birthing in its place is a digital Berlin Wall and a two-internet, two-technology world: one dominated by China and the other by the United States.
This will be a much more unstable and less prosperous world. Trump and Xi should drop everything and sit down to defuse this crisis before it becomes a runaway train — fueled by populists and nationalists, and amplified by social media, in both countries.
How did we get here? Two things converged: The character of U.S.-China trade changed — it went “deep,” and both President Xi and President Trump overplayed their hands and freaked each other out.