Core Viewpoint - The ongoing trade tensions between the US and China, characterized by tariffs and zero-sum thinking, are detrimental to both economies and highlight the need for mutual benefit and cooperation rather than competition [2][3][8]. Trade Relations - The US media reports a shortage of Christmas goods and rising prices in the US market due to tariffs, forcing Americans to adjust their holiday budgets [1]. - The US imposition of tariffs has not resolved trade deficits or improved industrial competitiveness, instead causing significant costs to American businesses and consumers [3]. - Bilateral trade between China and the US accounts for about one-fifth of global trade, indicating a highly complementary economic relationship [4]. Economic Impact - American industrial leaders are advocating for the removal of tariffs to stabilize industrial and supply chains, reflecting the negative impact of current trade policies [3]. - Trade with China is recognized by US policymakers as a means to alleviate inflationary pressures and improve livelihoods [7]. Cooperation and Dialogue - The eighth China International Import Expo saw US companies securing the largest exhibition space for the seventh consecutive year, showcasing confidence in the Chinese market [5]. - Recent consultations between economic and trade teams from both countries demonstrate a willingness to address concerns and enhance cooperation [7]. Strategic Understanding - The concept of "Thucydides' Trap" emphasizes the importance of finding a new way for major powers to coexist, moving away from outdated zero-sum thinking [6]. - Both nations are encouraged to choose dialogue over confrontation and pursue mutually beneficial cooperation to strengthen their economic relationship [8].

Zero-sum thinking is rife in America, argues a Harvard professor. But where does this mindset come from and what does it mean for policy? @S_Stantcheva proposes answers in a guest essay https://t.co/IHddFxMO3o ...

Increasingly in America debates are “shaped by a mindset that sees the world as a fixed pie” whereby “one group’s gain is another’s loss”.Such zero-sum thinking, writes Harvard professor @S_Stantcheva, is crucial to understanding Americans today https://t.co/KIfHpcdoDV ...

Zero-sum thinking—seeing one group’s gain as another’s loss—is rife in America, argues Stefanie Stantcheva, but certain groups are especially prone to this mentality. Read the Harvard professor’s essay https://t.co/XLV93zIwmVIllustration: Dan Williams https://t.co/Uv5vJ3n29s ...