No Art to the US-China Trade Deal (Project-Syndicate)

The real problem with the phase one accord announced on October 11 is the basic structure of the deal into which it presumably fits. From trade to currency, the approach is the same – prescribing bilateral remedies for multilateral problems.

https://www.project-syndicate.org/commentary/america-china-phase-one-trade-accord-fatally-misconceived-by-stephen-s-roach-2019-10

Stephen S. Roach, a faculty member at Yale University and former Chairman of Morgan Stanley Asia, is the author of Unbalanced: The Codependency of America and China.

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