China's Vice-Premier Liu He poses for a photo with US Treasury Secretary Steven Mnuchin (right) and US Trade Representative Robert Lighthizer in Beijing on March 28. Ongoing negotiations between the US and China are reportedly nearing their end, with the possibility of Chinese President Xi Jinping signing a trade deal with US President Donald Trump floated for June. Photo: AFP
Chen Zhao
Opinion

Opinion

Chen Zhao

A US-China trade deal won’t be a win for global markets if Beijing shifts its trade surplus to other countries

  • Imagine what happens if China commits to wiping out its share of the US trade deficit – a stronger US dollar, higher US interest rates, and a redistribution of Chinese imports could bring pain to the rest of the world

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China's Vice-Premier Liu He poses for a photo with US Treasury Secretary Steven Mnuchin (right) and US Trade Representative Robert Lighthizer in Beijing on March 28. Ongoing negotiations between the US and China are reportedly nearing their end, with the possibility of Chinese President Xi Jinping signing a trade deal with US President Donald Trump floated for June. Photo: AFP
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