The U.S.-China trade war began when the U.S. raised tariffs on Chinese products in July 2018 to remedy its growing trade deficit against China. China responded with retaliatory tariffs on U.S. goods. Thus far, the U.S. has raised tariffs on $200 billion worth of Chinese goods. In response, China plans to raise tariffs on $60 billion worth of U.S. goods. Clearly, Washington and Beijing are locked in an escalating tit-for-tat tariff war. Through a series of trade negotiations, the United States and China had been nearing a trade deal that would lift tariffs, open the Chinese market to American companies, and strengthen China’s intellectual property protection. However the two countries failed to reach a final deal as of mid-May when China called for substantial changes to the negotiating text. Against China’s demand, the U.S. is now considering a tariff imposition on additional Chinese goods worth $325 billion. If this goes through, China will take necessary countermeasures. Given the ongoing brinkmanship, the leaders of the U.S. and China are set to meet at the G20 meeting in June. Will they have a breakthrough, resolving their differences? Or will their trade friction heat up again? And what can the other players do? What are their calculations? Whatever deal the U.S. and China may reach, what are the implications for the global trading system and the emerging trade picture in the Asia-Pacific region? This session looks for answers.