Trump’s trade war with China is ‘the end of the era of expanding globalization.’ But it could leave the U.S. worse off because of a major imbalance in key imports

• As the U.S. and China move further apart as a result of their burgeoning trade war, they are laying the groundwork for a new system of global trade. However, with the world’s two largest economies distancing themselves, the U.S. may find it's more reliant on China than the other way around, according to Goldman Sachs.  

President Donald Trump’s trade war with China could lead to the end of globalization. But it’s not a certainty that the U.S. will emerge as the victor in the new economic world order.