Christopher A. McNally, Professor of Political Economy, Chaminade University
May 27, 2020
The stability that was expected from the signing of the Phase One trade deal is now a distant reality in the wake of COVID-19. The U.S. and China are entangled in blame games and trade disputes, setting the stage for further, more devastating escalation.
Joel A. Gallo, CEO, Columbia China League Business Advisory Co.
Mar 13, 2020
The U.S. has long reigned supreme in global finance, but a new challenger to its hegemony has emerged. China’s attempts to lessen its and the world’s dependency on the dollar and especially America’s willingness to abuse its stewardship of the global financial system have influenced a dangerous weaponization of financial networks that promises a rocky road ahead for both countries.
Zhou Xiaoming, Former Deputy Permanent Representative of China’s Mission to the UN Office in Geneva
Feb 28, 2020
It’s not a question of wanting to follow through but having the ability to do so, given the complex downward pressures brought by coronavirus epidemic.
Christopher A. McNally, Professor of Political Economy, Chaminade University
Feb 21, 2020
The trade deal has been signed, but recent factors, like the novel coronavirus, make it challenging for China to meet its trade requirements. Instead of moving forward, the US-China relationship has moved sideways.
Zhou Xiaoming, Former Deputy Permanent Representative of China’s Mission to the UN Office in Geneva
Feb 03, 2020
The road to trade peace is treacherous, especially since most of the obligations under phase one are one-sided and place China at a disadvantage. But tariffs are becoming less useful as leverage for the United States in the face of Chinese economic resilience.
Sara Hsu, Visiting Scholar at Fudan University
Feb 02, 2020
While the Trump administration has been quick to celebrate the recently-signed Phase One trade deal between the US and China, the deal is not progress for Sino-US relations. Instead, the limited agreement simply secures US affirmation of Chinese plans that were already underway.
Zainab Zaheer, Development Consultant
Feb 02, 2020
While the US-China trade war has reached a milestone with the signing of the Phase One deal, many fear that the negative economic impacts of the original tariffs will go unnoticed.
Lawrence Lau, Ralph and Claire Landau Professor of Economics, CUHK
Jan 29, 2020
The Phase One Agreement between China and the U.S. on their trade dispute was signed in Washington, D.C. on 15th January, sealing a temporary truce in their trade war, which had already lasted almost two years. This is a most welcome development, not only for China and the U.S., but also for the rest of the world. It is expected to usher in a period of relative calm and stability as well as reduced uncertainty and unpredictability, which should in turn increase both investment and consumption globally, and result in higher rates of economic growth.
Zhang Monan, Deputy Director of Institute of American and European Studies, CCIEE
Jan 21, 2020
The phase one deal has put the brakes on souring relations, but it may not reflect any clear winner. One benefit, however, is the easing of uncertainty.