The ongoing US-China trade war and increased tariffs have raised the prospect of a long-term “decoupling” of the world’s two largest economies. But who would this breakup hurt most? A look at US and Chinese industries shows that the burden for such a harsh strategy would fall disproportionately on American firms and consumers, while failing to stop China’s economic rise.

President Donald Trump is expected to sign an executive order this week barring U.S. companies from using telecommunications equipment made by firms posing a national security risk, paving the way for a ban on doing business with China’s Huawei, three U.S. officials familiar with the plan told Reuters.

China will be ‘pumping money’ to offset tariffs, Trump says.

“Frankly, I am super pissed, because this will completely kill my US market.”

The outcome of the US-China trade war is anticipated to be quite different from the experience of Japan in the 1980s and 1990s, due to China’s relatively lower dependence on the US and having learned from Japan’s experience.

China and the United States both have the “ability and wisdom” to reach a trade deal that is good for both, the Chinese government’s top diplomat said, as U.S. President Donald Trump said he thought recent talks in Beijing would be successful.

The U.S.-China trade war is heating up once again.

China says US trade policies are threatening the existence of the World Trade Organization.

U.S. President Donald Trump said on Monday he would meet Chinese President Xi Jinping next month as the trade war between the world’s two largest economies intensified, sending shivers through global markets.

“There is no greater threat to world growth. It would mean that trade tariffs go up, fewer goods would circulate around the world ... and jobs in France and in Europe would be destroyed.”