US President Donald Trump said Beijing and Washington had reached a ‘substantial phase one deal’ in two days of talks between his trade negotiators and Chinese Vice-Premier Liu He (left). Photo: Bloomberg

US and China set on ‘decoupling’ amid their clash of civilisations, Singapore Forbes forum told

  • Economists and business leaders warn that a ‘phase one deal’ on trade is only a short-term truce and masks a deeper transition for the world economy
  • The decoupling process has already taken place in technology and manufacturing, experts say, and leaves businesses with a difficult dilemma
Topic |   US-China trade war

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US President Donald Trump said Beijing and Washington had reached a ‘substantial phase one deal’ in two days of talks between his trade negotiators and Chinese Vice-Premier Liu He (left). Photo: Bloomberg
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