The United States has significantly ratcheted up its trade war with China in recent weeks by firing two new shots. First, President Trump signed an executive order that is expected to restrict Chinese telecommunications companies Huawei and ZTE Corp. from selling their equipment and services in the United States.
Henrique Choer Moraes (@choermoraes) is a Brazilian diplomat and a PhD candidate at the Leuven Centre for Global Governance Studies (Belgium). He is the author of academic and policy work in the areas of international economic law and global economic governance, which mostly reflect his experience with economic diplomacy and strategic planning. The views and opinions expressed in this article are the sole responsibility of the author and do not necessarily reflect the positions of the Government of Brazil.
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We appear to be entering into a new geoeconomic world order, characterized by great power rivalry between the United States and China and the clear use of economic tools to achieve strategic goals. This increased convergence of economic and security thinking and strategies is likely to lead to a significant restructuring of the laws and institutions that govern international trade and investment.