Between a recent round of new sanctions on China and the race to force the sale of TikTok or ban it, America’s already fraying relationship with China has been growing even chillier. Add to that the mounting tensions over the situation with Taiwan and you have a recipe for a confrontation of some sort, but what would that look like? Both sides appear to be trying to avoid a hot war, but we seem to be slipping closer and closer to a cold war, assuming we’re not in one already, despite the Biden administration’s claims. At Bloomberg, Niall Ferguson hosted a panel of analysts to examine the question and none of them appear terribly optimistic about the outlook for the United States. The reality is that we spent so long economically embedding ourselves with Beijing that a serious economic confrontation could wind up hurting the United States more than it would China.
Suppose They Gave…
