US Commerce Secretary Wilbur Ross arrives at a state dinner at the Great Hall of the People in Beijing on November 9, 2017. Photo: Reuters
Opinion
Opinion
Macroscope
A ‘phase one’ US-China trade deal will do little to bolster confidence shattered by deglobalisation
- US Commerce Secretary Wilbur Ross recently suggested that an initial trade deal will go a long way towards resolving global uncertainty. To the contrary, it will take much more to reverse the effects of deglobalisation accelerated by the Trump administration
US Commerce Secretary Wilbur Ross arrives at a state dinner at the Great Hall of the People in Beijing on November 9, 2017. Photo: Reuters