Thought Leadership
December 31 2025

The U.S.-China Trade War: What to Expect in 2026

25 min. read

Kevin Hebner, PhD, Managing Director, Global Investment Strategist, TD Epoch

We explore how U.S.-China trade tensions are shifting toward technical negotiations and selective decoupling heading into 2026. The paper also highlights the challenges the U.S. faces in reindustrialization and alliance-building, and discusses implications for investors.

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