You are here

The China-US trust war

'Phase one' of the trade deal is currently mired in an inescapable predicament as mutual distrust has turned negotiations into an impossible mission.

BT_20191211_ZYTRUST_3973912.jpg
By raising tariffs on China repeatedly, the US is seeking to make China feel the pinch and force it to come to the negotiation table.

THE trade war between China and the United States may seem to revolve around tariffs but in fact what lies at the heart of the issue is distrust. In a speech in China in September 2019, Thomas L Friedman, the New York Times columnist and author of the bestseller The World Is Flat, declared that...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes