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- US presidential candidates Biden and Trump both vow to get tough on China.
- EIU predicts worsening US-China economic and diplomatic ties over the 2020s.
- EIU doesn't expect US trade policies to significantly reduce China's role in global production networks.
The US presidential election is less than six months away, and Democratic and Republican presidential nominee frontrunners Joe Biden and Donald Trump have both vowed to get tough on China.
Despite this, China will likely extend its reach in the global supply chain, the Economist Intelligence Unit, or EIU, wrote in a note on Tuesday.
The EIU, which is expecting Biden to retain the US presidency, expects "a sustained worsening" in economic and diplomatic ties between China and the US over this decade — regardless of who wins the election.
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