China Trade Wars 2.0 – An Approach for the G7


Image credit: AP Photo/Alex Brandon


by Amy Karam

June 8, 2018

If you are holding your breath for the U.S.-China trade war threat to be over so that you can get back to business as usual, think again – or take a really deep, long breath.

The U.S.-China trade war sparring, as damaging as it is to the global economy, is only the symptom of a much bigger issue and challenge. The real issue is that there is a global economic power-shift taking place between these two superpowers. The trade wars are simply a reactive response to this awakening — a power struggle. The greater issue to be concerned with is that this is actually a war on ideology. The West is now waking up to the reality of new global order and trying to hold on to its past ability to influence trade practices – but it might be too late to preserve the way it has been.

How did we get here? The aggregate GDP of G7 member states with developed democracies was nearly 70% of the global economy three decades ago and with this economic power came the opportunity to govern global trade protocol. The member nations shared similar values, democracies, and part of their charter was to assist emerging nations in their development plans. They were successful in contributing to this last goal and, as a result the aggregate GDP of the G7 has decreased to nearly 50%. Emerging economies like China grew to the point where they earned a place at the table and the G20 was created. However, some of these new members do not share all of the values of a democratic state, play by different rules, and so there is a new playbook in the global economic, geo-political, trade order of today.


Be the first to comment

Please check your e-mail for a link to activate your account.

No events are scheduled at this time.


Global Times: BRICS summit displays the potential of a new future

by Editorial Staff (feat. Swaran Singh), WSFA 12, June 24, 2022

Oil's Dive Won't Bring Any Immediate Relief on Inflation

by Alex Longley, Elizabeth low, and Barbara Powell (feat. Amrita Sen), BNNBloomberg, June 24, 2022

China To Tout Its Governance Model At BRICS Summit

by Liam Gibson (feat. Stephen Nagy), The Asean Post, June 23, 2022

Soutien aux victimes d’inconduites sexuelles dans l’armée

by Rude Dejardins (feat. Charlotte Duval-Lantoine), ICI Radio Canada, June 23, 2022

Defence: $4.9 billion for radars against Russian bombs

by Editorial Staff (feat. Rob Huebert), Archynews, June 23, 2022

The Hans Island “Peace” Agreement between Canada, Denmark, and Greenland

by Elin Hofverberg (feat. Natalie Loukavecha), Library of Congress, June 22, 2022

What the future holds for western Canadian oil producers

by Gabriel Friedman (feat. Kevin Birn), Beaumont News, June 22, 2022

At BRICS summit, China sets stage to tout its governance model

by Liam Gibson (feat. Stephen Nagy), Aljazeera, June 22, 2022

Crude oil price: there are no changes to the fundamentals

by Faith Maina (feat. Amrita Sen), Invezz, June 22, 2022

Few details as Liberals promise billions to upgrade North American defences

by Lee Berthiaume (feat. Andrea Charron), National Newswatch, June 20, 2022

Defence Minister Anita Anand to make announcement on continental defence

by Steven Chase (feat. Rob Huebert), The Globe and Mail, June 19, 2022

Table pancanadienne des politiques

by Alain Gravel (feat. Jean-Christophe Boucher), ICI Radio Canada, June 18, 2022

Russia Ukraine conflict

by Gloria Macarenko (feat. Colin Robertson), CBC Radio One, June 17, 2022

New privacy Bill to introduce rules for personal data, AI use

by Shaye Ganam (feat. Tom Keenan), 680 CHED, June 17, 2022


Canadian Global Affairs Institute
Suite 1800, 150–9th Avenue SW
Calgary, Alberta, Canada T2P 3H9


Canadian Global Affairs Institute
8 York Street, 2nd Floor
Ottawa, Ontario, Canada K1N 5S6


Phone: (613) 288-2529
Email: [email protected]


Making sense of our complex world.
Déchiffrer la complexité de notre monde.


© 2002-2022 Canadian Global Affairs Institute
Charitable Registration No. 87982 7913 RR0001


Sign in with Facebook | Sign in with Twitter | Sign in with Email