2020 VISION

Vision 2020: Trade peace still a distance away

Trade tensions are set to linger but there are glimmers of hope. Trust within societies is fraying and identity politics surging, but not without a challenge. Technology is making a difference to many, and climate change is getting closer attention. Insight explores these issues and how they might play out this year.

As we enter 2020, we need to brace ourselves for another year of trade tensions. The United States and China are enjoying a truce, but the chances are this will be temporary.

Any trade disputes between the two - and there is a long list - will need to be sorted out bilaterally, because the body that normally handles such disputes, the World Trade Organisation (WTO), has been marginalised, which is another problem.

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A version of this article appeared in the print edition of The Sunday Times on January 05, 2020, with the headline 'Trade peace still a distance away'. Print Edition | Subscribe