The United States and China could reach a trade agreement as early as next week, according to a Harvard scholar, who has offered clues on the state of negotiations weeks after the two rival economies agreed to a trade truce.
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Allison, who served as assistant secretary of defence under former US president Bill Clinton, said markets tend to behave unsympathetically and when extreme measures like embargoes are introduced, “pretty soon you’ll look and see what happens in the real world that is unsustainable”.
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China, US top negotiators agree on ‘framework’ that will need approval from Xi and Trump
China, US top negotiators agree on ‘framework’ that will need approval from Xi and Trump
In the case of the heated export control competition between the US and China, he said both sides realised their respective domestic firms would face disruptions because of their measures.
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