Max Baucus made his comments at the Boao Forum in southern China. Photo: Boao Forum for Asia

China and America can’t afford walking away without a deal from trade talks, says former US ambassador Max Baucus

  • Walking away without agreement will be ‘if not devastating, very detrimental’ for Donald Trump but ‘we are getting closer to a deal’
  • Xi Jinping will also want to show he can strike an agreement and implement economic reforms, says former diplomat and senator
Topic |   US-China trade war

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Max Baucus made his comments at the Boao Forum in southern China. Photo: Boao Forum for Asia
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US President Donald Trump meeting a delegation of Chinese trade envoys led by vice-premier Liu He in the Oval Office on February 22, 2019. Photo: AFP

China played the long game to see who ‘blinks first’ when US trade war spiralled out of control in 2018, central bank’s ex-adviser says

  • David Li Daokui, former member of Chinese central bank’s monetary committee, said US and China have had series of false starts in talks to avert trade war
  • Two sides need a monitoring mechanism and a protocol for regular dialogue, Tsinghua University professor Li said
Topic |   US-China trade war

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US President Donald Trump meeting a delegation of Chinese trade envoys led by vice-premier Liu He in the Oval Office on February 22, 2019. Photo: AFP
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