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The prospect of US-China trade relations under President Trump

April 11, 2017 Business News No Comments Email Email

U.S. President Donald Trump and China President Xi Jinping are meeting to discuss foreign policy issues for the first time.http://www.afta.com.au/events/ntia/nominations-and-voting

Speaking on China-US trade relations, Linda Yueh, Adjunct Professor of Economics, London Business School, said:

“There is a very real prospect that the US will levy tariffs or taxes in order to deter Chinese imports, but also they could exert moral pressure on American companies to produce more at home. Both of these things would be short of a trade war but actually quite damaging to US/China trade relations.”

“The Chinese currency is no longer significantly undervalued according to the IMF. That’s not going to make a big impact. What will make a big impact is what companies choose to do in terms of where they buy.”

“China could influence the value of the US dollar, but I think it would do so very cautiously. What China probably has more at its disposal is to say we have a vast market. The best way to equalize trade between the two countries is that we’re willing to liberalize more of our market if you play fair. And I think that’s going to be the key language to watch.”

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