Lawrence Lau, a longtime professor of economics, sees no winners in the US–China trade war. Yet his study of the tit-for-tat battle between Washington and Beijing isn’t a political screed. Instead, Lau serves up a clear-eyed analysis of the geopolitical underpinnings of the trade dispute. He even calculates how much a full-scale trade war would cost the Chinese economy – and he concludes it would be little more than a glancing blow. Economists, executives and China watchers will appreciate this straightforward analysis of a complicated issue.

Lawrence J. Lau. The China-U.S Trade War and Future Economic Relations. Chinese University Press, 2019. 224 pages. ISBN-13: 9789882371125.