What history tells us about the next US-China trade war

The US-China trade conflict has evolved beyond tariffs into a broader geopolitical and technological standoff. Past trade tensions led to significant shifts in global supply chains, industrial policy, and China’s domestic strategy, with lasting implications for investors. In response to restrictions on semiconductor imports, China accelerated its push for self-sufficiency across key industries, reshaping its economic priorities. Meanwhile, escalating US measures signal that further economic friction could be on the horizon. Understanding how previous trade disputes impacted financial markets,...