Over the past decades, the economic and trade relationship between China and the United States, which connects both sides of the Pacific like “thread and needle,” has gone through a process of rising from nothing and then falling from its recent peak.
In 1972, after then U.S. President Richard Nixon’s visit to China, the two countries resumed trade relations after a 20-year-plus hiatus. Then, China’s historic reform and opening-up drive that began in 1978 brought it into the wider global market.
The country has since become an important part of the international trading system, especially after joining the World Trade Organization (WTO) in 2001.
However, 2018 saw serious trade tension between the two major economies, which many economic experts considered a prelude to U.S. attempts to decouple from China. However, future cooperation remains
