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.
Victor Ferguson is completing a Ph.D. on the concept of "economic lawfare" at the Australian National University's School of Politics and International Relations and is a member of the ANU College of Asia and the Pacific's Working Group on Geoeconomics.
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This is the fourth post in a series. Read the first three parts here, here and here.
This is the third post in a series. Read the first two parts of the series here and here.
This is the second post in a series. Read the first part of the series here.
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.