The economic costs of a new cold war would be disastrous, but unavoidable without rebuilding trust.
"At the same time, exporters, including Chinese exporters, have adjusted and exports of Viet Nam, Thailand and Vietnam to the US have been thriving. Meanwhile, China’s exports to those countries—of intermediary goods, have sharply increased."
"At the same time, exporters, including Chinese exporters, have adjusted and exports of Viet Nam, Thailand and Vietnam to the US have been thriving. Meanwhile, China’s exports to those countries—of intermediary goods, have sharply increased."