Neither the U.S. Nor China Can Afford a Divorce Right Now
THREE MONTHS INTO the global coronavirus pandemic, there are growing signs that the long marriage between China and the US—indeed between China and the developed world—is coming apart. The virus shut Chinese factories in January and February; then it exposed how dependent the US and Europe had become on China for everything from drugs to medical equipment. That’s prompted “a rethink of how much any country wants to be reliant on any other country,” in the words of Elizabeth Economy of the Council on Foreign Relations. As another commentator put it pithily, “Sorry, Davos Man. Your China-led globalization is going out of style like bell bottoms.”
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