What can we learn from U.S.-Japan trade war of 1980s?
It is true that the ongoing trade war between China and the U.S. is different from the one between the U.S. and Japan in the 1980s, but the two trade wars do have a lot in common. First, both involve the world's largest and second-largest economies; second, China is the country with the largest trade surplus with the U.S., the spot was held by Japan during the 1980s; third, China is highly dependent on the U.S. market, so was Japan. The U.S. approach and the intensity of the trade wars are also more or less the same.
A war that Japan decidedly lost.
Here is an article from Chinese state media drawing the parallels:
https://news.cgtn.com/news/2019-07-11/Lessons-from-U-S-Japan...
What can we learn from U.S.-Japan trade war of 1980s?
It is true that the ongoing trade war between China and the U.S. is different from the one between the U.S. and Japan in the 1980s, but the two trade wars do have a lot in common. First, both involve the world's largest and second-largest economies; second, China is the country with the largest trade surplus with the U.S., the spot was held by Japan during the 1980s; third, China is highly dependent on the U.S. market, so was Japan. The U.S. approach and the intensity of the trade wars are also more or less the same.