A US-China trade deal doesn't matter anymore

Global stock markets may continue to gyrate on every dodge and parry in trade talks between the United States and China, but the unacknowledged reality is that a deal no longer matters much.

Sure, it would be better to have one than not. Yet the relationship between these two powers has changed so much since negotiations began a year ago that they have become a sideshow in a greater confrontation that no trade pact can resolve.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on May 10, 2019, with the headline 'A US-China trade deal doesn't matter anymore'. Print Edition | Subscribe