Trade War: Will the US and China Enter a Long-Term Technological Arms Race?

February 24, 2019

Will the US and China enter a long-term technological arms race? The Economist Intelligence Unit (The EIU) said it’s highly likely. “The likelihood that the US and China will make some progress in the ongoing trade talks has increased as a result of mounting domestic pressure in both economies,” said Cailin Birch, Global Economist at The EIU. “Nonetheless, we do not expect a meaningful agreement, as the US and China enter into a strategic competition for economic--and particularly technological--dominance."