By Joergen Oerstroem Moeller in Singapore
On the side line of the G20 meeting at the beginning of December, US President Donald Trump and Chinese President Xi Jinping agreed to suspend announced tariff increases for 90 days – from 1 January to 1 April 2019 – while undertaking negotiations to avoid a trade war. In the light of the US midterm election results, Trump is turning his attention towards retaining the presidency in 2020. It may be best for him to enter into negotiations with China, play for drama, keep focus on his ‘America first’ initiative and, ultimately, conclude an agreement.
Read the full commentary on the website.
A year in review: reflections on 2018 and prospects for 2019. Mark Sobel, US chairman of OMFIF, is joined by David Marsh, OMFIF chairman, and Yu Jie, head of China foresight at the London School of Economics. Their discussion focuses on the political and economic events that shaped 2018, as well risks and prospects for 2019. Topics include US-China relations, protectionism, and trade war implications on global economic growth. This podcast also covers developments on the UK’s withdrawal from the European Union, central bank policy divergence and financial stability.
Listen to the recording.