Trade has long been one of the most contentious issues in the US-China relationship. Since 2018 the Trump Administration has tried to correct what it considers unfair Chinese trade practices by launching an escalating tariff war, which finally paused when both countries came together in January 2020 to sign a phase one trade agreement. Despite the agreement, trade relations between the two countries are far from settled. How is China's implementation of the phase one deal going? What are the prospects for phase two negotiations? Does the WTO offer a credible venue to address industrial subsidies and other practices associated with a state-led economy? What policies might be implemented to encourage reshoring of US production? What impact will all of these questions have on US firms, including those with operations in China?
AmCham Shanghai welcomes Wendy Cutler, Vice President of the Asia Society Policy Institute and former Acting Deputy US Trade Representative, for a talk on the status and prospects for the US-China trade relationship.