Trade War Looks Like the New Normal, LSE's Pissarides Says

The transcript discusses the ongoing trade war and its potential to become a new normal, possibly evolving into a tech war. It highlights the US's discomfort with China's rise under President Trump and the political motivations behind tariff threats. The discussion also covers the economic impact of these tariffs, suggesting that the US economy might not be as affected as others. The political strategy of showcasing economic injury before elections is also explored, with a focus on the potential benefits in the future.

In what way does the speaker believe the U.S. is responding to China's rise?

What does the speaker imply about the future of trade relations?