How a Trade Dispute Between China and the United States Might Evolve
The worsening trade dispute between China and the US was triggered by the Americans. Frictions appear to be increasingly difficult to keep under control. So far we have witnessed U.S President Donald Trump swing back and forth between threats and accommodation. We have seen the imposition of broad tariffs on imports of steel and aluminum from China,the US government's announcement of a 301 investigation into some $50 billion of Chinese products,and a suggestion that the U.S Department of Commerce should conduct an investigation into another US$100 billion of Chinese goods. Some of these measures have temporarily been taken off the table as the two sides sit down to discuss the dispute. China has warned it will respond in kind. But the reckless moves by the U.S have been made in disregard of multilateral rules. Moreover,a lack of communication and consultation has caused great public concern. Will the trade dispute between China and the US spread to investment,finance and other fields? Will there be greater obstacles to Sino-US relations and even the global economic recovery? These issues are addressed in the following discussion.
Moderator: Zhong Wei,deputy editor-in-chief of China Forex
Panelists: Shen Jianguang,managing director and chief of Mizuho Securities Asia Limited
Zhang Ming,chief economist of Ping An Securities and researcher at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences