Way out of trade war obvious but not simple: Veteran trade observer

American philanthropist Merle Hinrich described the US-China tussle as a phase in an arc of global trade relationships that has swung, pendulum-like, from multilateral to plurilateral, then to bilateral deals.
American philanthropist Merle Hinrich described the US-China tussle as a phase in an arc of global trade relationships that has swung, pendulum-like, from multilateral to plurilateral, then to bilateral deals.ST PHOTO: ALPHONSUS CHERN

The high tide in trade has receded, exposing fault lines that are triggering the decoupling of the world's largest economies, lowering global growth forecasts and raising the risks of a military confrontation.

The way out is obvious but not simple, veteran trade observer Merle Hinrich told The Straits Times in an interview.

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A version of this article appeared in the print edition of The Straits Times on October 31, 2019, with the headline 'Way out of trade war obvious but not simple: Veteran trade observer'. Print Edition | Subscribe