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US-China: Economic Decoupling on Coronavirus

The US and China have been rivals as the first and second-largest economies, now the rift between them is widening. In the areas of technology, agriculture, and even military, ties between these superpowers are breaking, described by the Milken Institute. After the rivalry heated up under Trump, the discussion of a break or a shift away from each other has become a part of regular business discussions in Japan. The trade war how it started but note that this current virus outbreak seems to be, according to many experts, an accelerator of what seems to be fate. Currently, both countries have attached billions of dollars of tariffs on each other and there seems to be no end in sight for both the coronavirus epidemic and the trade war, the result being a bipolar world of two major superpowers that are leading teams of followers in the future. Just like the 1970s and 1980s, the Cold War saw two superpowers, the US and Soviet Union. Now it will be the US and China for decades to come.



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