She describes the ongoing trade war as a "chicken race" and a global power struggle.
It's not just about the tariffs, fundamentally it's about who will be the economic leader, who will be the world leader, is it the USA or China, says Kristina Sandklef.
Kristina Sandklef dares not predict how long the tariff increases can continue.
The most unpleasant thing is that it's starting to become a real trade war, many of us have been worried for a long time about a "decoupling", that is, breaking trade contacts. The big question is: what happens then?
Right now, calculations are being made in different parts of the world about what such a breach would entail and cost, she emphasizes and highlights the complexity of global trade.
Today, an iPhone or a Volvo car contains components from numerous manufacturers in many different countries. This is what globalization is: a product doesn't come from one country but from many.
Another question is how effective the tariffs really are? The Japanese daily newspaper Nikkei Asia writes about how "tens of thousands of Chinese logistics companies" are believed to be actively working to mask the origin of goods in various ways.
Corrected: In an earlier version, an incorrect term was stated in the third paragraph of the main text. The correct term is tariff increases.
