Illustration: Craig Stephens Illustration: Craig Stephens
Illustration: Craig Stephens
Stephen Roach
Opinion

Opinion

Stephen Roach

If Trump’s interest in the US-China trade war is flagging and a deal is near, what will the future look like?

  • The US president, preoccupied by domestic politics, and China, determined to persist in its deleveraging campaign, both seem ready for a trade-war truce
  • While fears of deglobalisation and global decoupling are overblown, the US may still divert trade away from China, at a cost to American consumers

Illustration: Craig Stephens Illustration: Craig Stephens
Illustration: Craig Stephens
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Stephen Roach

Stephen Roach

Stephen S. Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia, is the author of Unbalanced: The Codependency of America and China.