Dr Karen Jackson, Senior Lecturer in Economics, and Dr Oleksandr Shepotylo from Aston University, wrote an article for The Conversation about why trade negotiations between the US and China will still happen.
In the article, Dr Jackson and Dr Shepotylo discussed the progress in trade talks so far, and wrote: “Exports from China to the US have gone up in spite of COVID-19, but the amount it is importing from the US has not picked up to the levels envisioned. The Peterson Institute for International Economics estimates that China imported less than 50 per cent of what it should have done in the year to June. Barring a large upswing in the second half of the year, hitting the 2020 target looks unlikely.”
Discussing the tensions between the two countries, they wrote: “From an American perspective, the upcoming elections are key. Polling suggests that both Republican and Democratic voters are increasingly negative about China, not least because of the pandemic, Trump’s tough stance is therefore politically savvy in an election year.”
They added: “There are therefore numerous incentives to resume negotiations, even if they may not happen immediately. Ultimately, new negotiations will heavily depend on the result of the US elections and the post-COVID-19 economic recovery of both countries.”
Read the full article on The Conversation’s website.
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