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From trade war to real war

16 2 0
16.05.2019

By Donald Kirk

WASHINGTON ― The U.S.-China trade war has grave implications for war and peace around the periphery of China, including the Korean Peninsula. In all the yakking on the U.S. news networks, however, you don't hear much about the danger of the whole shebang exploding into a shooting war.

We may not be at the stage of armed conflict but should never forget that some of the bloodiest wars in the last century erupted from disputes over trade. Just look at the outbreak of World War II in the Pacific when the Japanese decided an attack on U.S. bases in Hawaii and the Philippines was the way to counter constraints imposed on trade with Japan, notably the oil needed then as now to fuel the Japanese economy.

China's President Xi Jinping may be quite reluctant to see huge differences over trade boil over into a real war, but it's unlikely he will be inclined to appreciate U.S. concerns, much less make concessions, while embroiled in a bitter trade war. As long as the U.S. and China impose punitive tariffs on each country's products, we can be pretty sure we will begin to feel the impact on potential........

© The Korea Times