Relaciones Internacionales – Comunicación Internacional

US-China: ¿cold war? (GZERO)

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Whether the US and China are in fact slouching towards a new “Cold War” or not, one thing is certain: Commerce between them is still hotter than ever.

In the 10 years since Xi Jinping took power as China’s leader, trade volumes between the world’s top two economies have continued to grow. The same is true of Chinese trade with key US allies like the EU and, to a lesser extent, Japan.

In fact, US-China trade has continued to rise despite the Great US-China Trade War of 2018-2020, when the Trump administration and Beijing slapped tariffs on some $730 billion of each other’s goods. In 2022, US-China trade reached a dizzying record high of $689 billion. For comparison with the actual Cold War — US-Soviet trade throughout the entire 1980s amounted to less than $50 billion.



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