The ongoing US trade war against China will have deep longer term repercussions, independently of whether a trade deal is reached to end it. Had it only been a question of erratic actions by a lunatic president, the effects could have been limited. But Trump is not alone. The general mood in the US establishment is that China should be contained, or even rolled back. So the key-word is now ‘disentangling’ of the US economy from China.
The ongoing trade war that the US has unleashed against China will change the history of the 21st century, independently of whether an agreement is eventually reached between the parties or not. It signals the decision of the US to prevent China from growing into an economic superpower, using whatever means it has at hand. But this is an extremely dangerous and futile policy. China has more than four times the population of the US. As it develops, its economy will inevitably surpass the US. There is nothing the US can do to prevent that, so they will have to find out how best to live with it. Unfortunately, this is not how an important part of the US establishment sees it.
It has been common to say that the main strength of the US political system is its checks and balances. The three branches of Government are balancing each other out, and the free press and civil society in its many forms contribute with more checks on the system. Sometimes this is still true. But in many cases the result is dead-lock and a non-functional system. Most worrying is that in the fundamental case of war and peace, it simply does not work. This puts the whole world in danger.