Stephen R. Nagy, Bryan Mercurio

Stephen R. Nagy, Bryan Mercurio

Stephen R. Nagy is a distinguished fellow of the Asia Pacific Foundation and a senior associate professor at the International Christian University in Tokyo. Bryan Mercurio is an Outstanding Fellow an

d professor of law at the Chinese University of Hong Kong.

Language spoken
English
Don’t expect a US-China trade deal to actually fix anything
China and the US are likely to reach an agreement to end their trade war soon. Both sides will characterize the deal as a suitable compromise to mitigate the current trade friction between the countries. Beijing cannot and does not want to deal with the structural imbalances in the trading relationship, but it will placate President Donald Trump by offering sweeteners in exchange for him dropping threats to impose more tariffs on Chinese imports into the US. China will offer to reduce tariffs on automobile, ethanol and other US products, guarantee purchases of at least $18 billion of American liquefied natural gas and increase imports of a wide range of American products, such as polysilicon
Don’t expect a US-China trade deal to actually fix anything