A China trade deal will be a triumph for Donald Trump

If, as a reciprocal arrangement, China scales up its exports to the US, it will shut the doors for several other exporting countries

Sitharam Gurumurthi

Photo: Shutterstock

Friction between China and the United States dates back even prior to the establishment of the World Trade Organisation (WTO), but President Donald Trump will likely achieve what many of his predecessors could not. The high-level talks between the US and China were resumed on February 21, with the US team composed of the US Trade Representative, the treasury secretary, the commerce secretary and economic advisors from the White House, while the Chinese delegation was headed by President Xi Jinping’s special envoy, Vice Premier Liu He.
The most crucial element of the ongoing trade negotiations was the reduction in the bilateral trade surplus between China and the US. In 2018, China exported $493.49 billion worth goods to the US, while China’s imports from the US were a meagre $111.16 billion, or 7.2 per cent of US exports. Mr Trump had asked China to restrict its exports to the US to the level of its purchases, namely, $111.16 billion, with March 2 as
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

Also Read

A reciprocal solution to US-China trade row

Beijing has good faith to fix trade dispute with US, says Chinese official

Chinese reform during a trade war

Donald Trump, China's Xi set for high-stakes summit over trade war

Behind the US-China trade war

Will Trump get a second term?

Donald Trump: Economic czar?

Inclusiveness key to ending poverty

Modi and the Liberals

Dada swag

PUBG vs the nanny state

Shekhar Gupta: Five fatal follies of Modi doctrine

First Published: Mar 16 2019 | 7:21 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to