US-China Trade Deal: Analysis of the Phase One Agreement
27 February 2020 | 3:00 - 3:30pm SGT
In mid-2018 the two largest economies of the world started a trade war that placed tariffs on over $550 billion worth of Chinese products and $185 billion worth of US goods.
After nearly two years of talks, threats and escalating tariffs imposed on bilateral trade, on 15 January 2020 the United States and China signed an “Economic and Trade Agreement”.
At first glance, the trade agreement seemed remarkably in favour of the US as the document contains a total of 105 times a commitment by China (“China shall”), compared to 88 joint commitments (“Parties shall”) and only five commitments of the United States alone (“the United States shall”). Is the agreement lopsided or is there more than meets the eye?
In this session with NUS East Asian Institute Director Prof. Bert Hofman, Phase 1 of the Economic Trade Agreement will be dissected, studied, and analysed to truly uncover what it really means for the two economic giants.
This session will discuss the following:
- How fair is the trade agreement between US and China?
- Intellectual property rights, technology transfer, financial control, and trade deficits
- Which industries were and will be most impacted by the US-China negotiations
- What can be expected from Phase 2 of the Trade Agreement
Prof. Bert Hofman, NUS East Asian Institute Director
Mobasher Zein Kazmi, Head of Research, The Asian Banker