US Trade Representative Robert Lighthizer (centre) and Treasury Secretary Steven Mnuchin chat with Chinese Vice-Premier Liu He in Shanghai on July 31. Photo: Reuters
Sylvia Sheng
Opinion

Opinion

Macroscope by Sylvia Sheng

The trade war’s damage is done in Asia, and even an interim US-China deal can’t undo the past year

  • Even if the US and China reached a place-holder deal, uncertainty caused by past reversals in talks would weigh on Asia
  • The trade war has also taken its toll on exports and supply chains, and this cannot easily be undone

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US Trade Representative Robert Lighthizer (centre) and Treasury Secretary Steven Mnuchin chat with Chinese Vice-Premier Liu He in Shanghai on July 31. Photo: Reuters
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Illustration: Craig Stephens
Kevin Rudd
Opinion

Opinion

Kevin Rudd

China and the US have perhaps their last chance to end the trade war. Otherwise, get ready for global economic turmoil

  • Both countries claim the other is hurting more, but both clearly have an interest in ending the trade war by 2020. If they fail, nationalist sentiment may make a resolution impossible, which would have stark consequences for everyone

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Illustration: Craig Stephens
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