US Treasury Secretary Steve Mnuchin attends a news briefing at the White House in August 2017. There will be domestic pressure on President Donald Trump to close a deal with China, and Mnuchin, the pragmatic former Wall Streeter, is likely to play a key role. Photo: Reuters
Opinion
Opinion
A US-China trade deal can end ‘Chimerica’ on a positive note
Tomas Casas says the current bilateral trade relationship, in which Chinese companies grow off of US consumption and Americans enjoy low interest rates, will inevitably end. A good deal now can unwind that arrangement with balanced trade flows that leave both sides better off
US Treasury Secretary Steve Mnuchin attends a news briefing at the White House in August 2017. There will be domestic pressure on President Donald Trump to close a deal with China, and Mnuchin, the pragmatic former Wall Streeter, is likely to play a key role. Photo: Reuters