Lakhvinder Singh
The intensifying trade war between the United States and China has moved beyond a bilateral economic dispute, evolving into a global geopolitical confrontation with profound implications for East Asia. The economic fallout from escalating tariffs is expected to have wide-ranging consequences, including the restructuring of global supply chains and a realignment of strategic relationships in the region.
Although the US launched the trade war in an effort to curb China’s economic rise, the outcomes thus far indicate a reversal of those goals – strengthening China’s position in global trade, eroding US influence among key regional allies, and accelerating the shift toward a multipolar order in East Asia.
It is time for Washington to pause and fundamentally reconsider its strategy.
Disruption of the post-war global trading order
The US-China trade war now represents the most significant disruption to the global trading system since the formation of the post-World War II liberal economic order. Triggered by the imposition of steep tariffs – up to 125% by the US and 84% by China – the conflict now affects over $650 billion in bilateral trade, encompassing a wide range of consumer and industrial sectors.
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