Chinese government workers prepare for the opening session of a round of trade talks between US and Chinese trade representatives at the Diaoyutai State Guesthouse in Beijing in February. There is no clear timeline for both sides to agree on an interim trade deal. Photo: Pool via Reuters
Hao Zhou
Opinion

Opinion

The View by Hao Zhou

Why a delay to the US-China interim trade deal is the best possible outcome

  • Neither Xi nor Trump has run out of cards to play to secure the best possible deal for his side, but each will be careful to avoid scuppering the negotiations. More time spent ironing out the details will be time well spent

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Chinese government workers prepare for the opening session of a round of trade talks between US and Chinese trade representatives at the Diaoyutai State Guesthouse in Beijing in February. There is no clear timeline for both sides to agree on an interim trade deal. Photo: Pool via Reuters
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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

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Illustration: Craig Stephens
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