The Economist Intelligence Unit will be offering a 30-minute webinar on 27 June 2019 on the them “Trade War: a G20 Truce in Sight?” Two speakers, Agathe Demarais (Director of Global Forecasting) and Cailin Birch (Global Economist) will discuss the ongoing trade war between China and the US and the possible outcomes of a side discussion between heads of state of both countries later this month during the G20 meeting.
Registration is required to attend and can be completed using the form available here: https://pages.eiu.com/June-19-US-China-trade-war-webinar—USEMEA—Subscription-NB_Registration-Page.html
A full description of the webinar is as follows:
The ongoing trade war between the US and China has captured the headlines in recent weeks. In May the US increased existing tariffs of 10% on US$200bn worth of Chinese merchandise imports to duty rates of 25%, and China responded by raising its import tariffs on around US$60bn of US goods.
The stakes were raised again a few days later with a US proposal to apply additional tariffs across Chinese merchandise imports not yet covered by punitive tariffs, worth around US$300bn per year.
Against this backdrop, The Economist Intelligence Unit has come to the view that the most likely outcome of a planned meeting between US president Donald Trump and Xi Jinping, his Chinese counterpart, on the sidelines of the G20 meeting on June 28th-29th will be of a truce in tariffs escalation, probably until at least 2020.
But questions remain, such as:
- Is a US-China trade deal still a realistic prospect, or will the two sides fail to reach a compromise?
- Is the US going to take the first step towards de-escalation, or is the ball in China’s court?
- What happens if no deal is inked, and what would this mean for global growth?
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