WASHINGTON • As the US-China trade fight deepens, the two superpowers – one incumbent and one rising – are sizing each other up and deciding whether they can coexist.
China and the US ended talks in Washington on Friday with no deal after President Donald Trump raised tariffs on more than US$200 billion (S$273 billion) in goods from the country and China vowed to retaliate. The moves create new barriers between the world’s largest economies and further complicate a relationship which is increasingly strained over flashpoints that include trade, technology, Taiwan and the South China Sea.