Worries Of A US-China Trade War

Barack Obama hosts Chinese president Hu Jintao at a working dinner in the White House in January. Photograph: Rex Features

Threat Of US-China Trade War Hangs Over Dealings Of Century's Superpowers -- The Guardian

American accusations of currency manipulation are sorest point in relationship still beset by mutual suspicion.

It has been said that the US-China relationship is the most important of the 21st century.

There are good reasons to believe it. The pair have the world's largest economies even if trade relations are afflicted by accusations of currency manipulation and industrial espionage. Beijing is the US's largest foreign creditor.

There is a growing military rivalry, environmental challenges and co-operation on issues such as North Korea's nuclear weapons. There are also foreign policy differences, including China's veto, with Russia, of UN security council resolutions on Syria and its co-operation with Iran's nuclear programme.

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My Comment: It always comes down to the money .... and with the war in Iraq at a close and the war in Afghanistan winding down .... the American focus will be on the economy and coming to terms with it's huge national debt .... a focus that will all but guarantee more U.S.-Chinese frictions in the future.