The 2020 presidential campaign has already started in the United States. For a year and half, the rest of the world will be influenced by the U.S. electoral process. The U.S.-China trade war will likely be one of the election’s central issues. Geopolitical observers have long tackled the question of great power transitions. The world will witness how this unfolds as part of the domestic power struggle and party politics in the U.S.

The question is acute, especially for a country like Japan, which lives between these two global powers. Although the media tend to focus only on the aspect of day-to-day fights and deals, one should look at the fundamental structure of the U.S.-China trade war.

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