US-China relations and America's Asian partners

The US-China relationship is in a state of sharp decline – and, as the confrontation between the world’s two largest economies risks intensifying into outright trade war, the stability of the global system is being shaken. The crisis risks uprooting global value chains and escalating into full-blown technological decoupling across the globe as the US and other western governments proceed to crack down on perceived foreign interference in industry and science.