Opinion: China Has to Learn From Past U.S. Trade War With Japan
The risk of a full-blown U.S.-China trade war is growing each day. The trade war will essentially involve the U.S. trying to keep in check China’s industrial and technological growth. It will be a struggle involving high-tech emerging industries, with both countries’ fates at stake.
In the face of this, there are lessons China can learn from Japan’s past experience in a similar trade war with the U.S. The U.S. and China have fundamentally irreconcilable demands, and it will be difficult to reach an agreement through negotiations. A stage of even more intense trade conflict is inevitable. China should make strategic preparations for the short and medium term, as well as for a longer, protracted trade war.
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