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Don't expect fundamental changes in China: Expert

Economist says Washington's tactic of using tariffs for leverage won't succeed with Beijing

With tough talk on both sides, few are enthusiastic about a deal emerging from the meeting between US President Donald Trump and Chinese President Xi Jinping at the G-20 summit. US economist Dr Adam Posen breaks down the impact of the trade war.

A recent employment report shows job creation and wage growth in the US were below expectations last month. This, against the backdrop of the trade war with China, has triggered concern among analysts. PHOTO: AGENCE FRANCE-PRESSE

Dr Adam Posen is president of the Peterson Institute of International Economics.

Nirmal Ghosh US Bureau Chief In Washington

Updated

Published

Jun 11, 2019, 05:00 AM

Decoupling the United States from China does not make it more likely that Beijing will budge on conceding fundamental changes, said a leading American economist.

"If you have very narrow, specific goals, then you can get them to a trade negotiation (on tariffs)," Dr Adam Posen, president of the Peterson Institute of International Economics, a private, non-partisan think-tank, told The Straits Times.

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