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No going back: The US-China trade war will change things forever

2 1 0
23.05.2019

The impact of the US-China trade spat is no longer limited to just the two countries.

The Trump administration's latest move – seeking to limit access to American suppliers for the Chinese telecom manufacturer Huawei – may force many businesses worldwide to reconsider their own dependence on supply chains that go through China, and consumers their reliance on Chinese phones.

No matter how the trade stoush is resolved, there is little chance of returning back to how things were. Credit:AP

The more they try to insulate themselves from similar future actions, the more global this trade conflict will become and the greater the likelihood it will end up re-aligning global economic relationships.

It remains an open question whether the dueling tariffs will be a permanent feature of a more........

© The Age