As the Trade Dispute Ratchets Up, the Stakes Couldn't Be Higher | Asia Society Skip to main content
  • Arts
    • Asia Society Museum
      • Visit
      • Exhibitions
      • Programs
      • Learn
      • Support
    • Arts & Museum Summit
    • Asia Arts Game Changer Awards
      • About
      • Honorees
      • Ceremonies
      • Photos
      • Support
    • Creative Voices of Muslim Asia
      • Resources
      • Exhibitions
      • Videos
    • Film
    • Literature
    • Performing Arts
  • Education
    • Center for Global Education
      • Professional Development
      • Educator Resources
      • Our Ideas
      • Asia Society at Home
      • Education For Equity
      • About
  • Policy
    • Asia Society Policy Institute
      • Topics
      • Regions
      • Events
      • About
      • Support Us
    • Center on U.S.-China Relations
      • Home
      • About
      • Projects
      • Reports
      • Past Events
      • ChinaFile
  • Initiatives
    • Arts
      • Arts & Museum Summit
      • Asia Arts Game Changer Awards
      • Asia Society Museum: The Asia Arts & Museum Network
      • Creative Voices of Muslim Asia
      • U.S.-China Museum Summit
      • U.S.-Asia Entertainment Summit
    • Education
      • Center for Global Education
      • China Learning Initiatives
      • Global Cities Education Network
      • Global Learning Beyond School
      • International Studies Schools Network
    • Leadership
      • Asia Game Changer Awards
      • Asia 21 Young Leaders Initiative
      • Global Talent Initiatives
      • U.S.-China Dialogue
    • Policy
      • Asia Society Policy Institute
      • Center on U.S.-China Relations
    • Sustainability
      • Coal + ICe
  • Countries & Regions
    • Column One
      • Afghanistan

      • American Samoa

      • Armenia
      • Australia
      • Azerbaijan
      • Bahrain
      • Bangladesh

      • Bhutan

      • Brunei

      • Cambodia

      • Central Asia
      • China
      • Cook Islands

      • Cyprus
      • East Asia
      • East Timor
      • Fiji

      • French Polynesia

      • Georgia

      • Guam
    • Column Two
      • Hong Kong
      • India
      • Indonesia
      • Iran
      • Iraq
      • Israel
      • Japan
      • Jordan
      • Kazakhstan
      • Kiribati
      • Kuwait

      • Kyrgyzstan
      • Laos
      • Lebanon
      • Macau
      • Malaysia
      • Maldives
      • Marshall Islands
      • Micronesia

      • Mongolia

    • Column Three
      • Myanmar

      • Nauru

      • Nepal

      • New Caledonia

      • New Zealand

      • Niue
      • North Korea

      • Northern Marianas
      • Oceania
      • Oman

      • Pakistan

      • Palau
      • Palestine

      • Papua New Guinea
      • Philippines
      • Qatar

      • Samoa
      • Saudi Arabia
      • Singapore

      • Solomon Islands

    • Column Four
      • South Asia
      • Southeast Asia
      • South Korea
      • Sri Lanka
      • Syria
      • Taiwan
      • Tajikistan
      • Thailand
      • Tibet
      • Tokelau
      • Tonga
      • Turkey

      • Turkmenistan

      • Tuvalu
      • United Arab Emirates
      • Uzbekistan
      • Vanuatu
      • Vietnam
      • Wallis and Futuna
      • West Asia
      • Yemen
  • Current Affairs
    • Topics
      • Business
      • Environment
      • Governance
    • Programming
      • Beyond the Headlines
      • Business of Asia
    • Center on U.S.-China Relations
      • Home
      • About
      • Projects
      • Reports
      • Past Events
      • ChinaFile
  • Look & Listen
    • Asia Blog
    • ChinaFile
    • Podcasts
    • Video Gallery
  • Events
    • Upcoming Events
    • Past Events
  • Visit
    • Visit Us
      • Hong Kong
      • New York
      • Texas
    • Global Network
      • Australia
      • India
      • Japan
      • Korea
      • Northern California
      • Philippines
      • Southern California
      • Switzerland
      • Washington, DC
  • About
    • About Asia Society
    • Inclusion & Diversity
    • Mission & History
    • Co-Chairs and Trustees
    • Senior Leadership
    • Global Staff
    • Experts & Fellows
    • Global Council
    • Careers
    • Interns and Volunteers
    • Financial Statements
    • For the Media
      • Press Releases
  • Support
    • The Campaign for Asia Society
    • Corporate Engagement
      • Business Council
      • Global Talent and Diversity Council
      • Rising Executives Network
      • Enhancements to Membership
      • Corporate Membership
      • Global Corporate Leaders
    • Membership
    • Donate
ASIABLOG
Search
Search
  • Arts
    • Asia Society Museum
      • Visit
      • Exhibitions
      • Programs
      • Learn
      • Support
    • Arts & Museum Summit
    • Asia Arts Game Changer Awards
      • About
      • Honorees
      • Ceremonies
      • Photos
      • Support
    • Creative Voices of Muslim Asia
      • Resources
      • Exhibitions
      • Videos
    • Film
    • Literature
    • Performing Arts
  • Education
    • Center for Global Education
      • Professional Development
      • Educator Resources
      • Our Ideas
      • Asia Society at Home
      • Education For Equity
      • About
  • Policy
    • Asia Society Policy Institute
      • Topics
      • Regions
      • Events
      • About
      • Support Us
    • Center on U.S.-China Relations
      • Home
      • About
      • Projects
      • Reports
      • Past Events
      • ChinaFile
  • Initiatives
    • Arts
      • Arts & Museum Summit
      • Asia Arts Game Changer Awards
      • Asia Society Museum: The Asia Arts & Museum Network
      • Creative Voices of Muslim Asia
      • U.S.-China Museum Summit
      • U.S.-Asia Entertainment Summit
    • Education
      • Center for Global Education
      • China Learning Initiatives
      • Global Cities Education Network
      • Global Learning Beyond School
      • International Studies Schools Network
    • Leadership
      • Asia Game Changer Awards
      • Asia 21 Young Leaders Initiative
      • Global Talent Initiatives
      • U.S.-China Dialogue
    • Policy
      • Asia Society Policy Institute
      • Center on U.S.-China Relations
    • Sustainability
      • Coal + ICe
  • Countries & Regions
    • Column One
      • Afghanistan

      • American Samoa

      • Armenia
      • Australia
      • Azerbaijan
      • Bahrain
      • Bangladesh

      • Bhutan

      • Brunei

      • Cambodia

      • Central Asia
      • China
      • Cook Islands

      • Cyprus
      • East Asia
      • East Timor
      • Fiji

      • French Polynesia

      • Georgia

      • Guam
    • Column Two
      • Hong Kong
      • India
      • Indonesia
      • Iran
      • Iraq
      • Israel
      • Japan
      • Jordan
      • Kazakhstan
      • Kiribati
      • Kuwait

      • Kyrgyzstan
      • Laos
      • Lebanon
      • Macau
      • Malaysia
      • Maldives
      • Marshall Islands
      • Micronesia

      • Mongolia

    • Column Three
      • Myanmar

      • Nauru

      • Nepal

      • New Caledonia

      • New Zealand

      • Niue
      • North Korea

      • Northern Marianas
      • Oceania
      • Oman

      • Pakistan

      • Palau
      • Palestine

      • Papua New Guinea
      • Philippines
      • Qatar

      • Samoa
      • Saudi Arabia
      • Singapore

      • Solomon Islands

    • Column Four
      • South Asia
      • Southeast Asia
      • South Korea
      • Sri Lanka
      • Syria
      • Taiwan
      • Tajikistan
      • Thailand
      • Tibet
      • Tokelau
      • Tonga
      • Turkey

      • Turkmenistan

      • Tuvalu
      • United Arab Emirates
      • Uzbekistan
      • Vanuatu
      • Vietnam
      • Wallis and Futuna
      • West Asia
      • Yemen
  • Current Affairs
    • Topics
      • Business
      • Environment
      • Governance
    • Programming
      • Beyond the Headlines
      • Business of Asia
    • Center on U.S.-China Relations
      • Home
      • About
      • Projects
      • Reports
      • Past Events
      • ChinaFile
  • Look & Listen
    • Asia Blog
    • ChinaFile
    • Podcasts
    • Video Gallery
  • Events
    • Upcoming Events
    • Past Events
  • Visit
    • Visit Us
      • Hong Kong
      • New York
      • Texas
    • Global Network
      • Australia
      • India
      • Japan
      • Korea
      • Northern California
      • Philippines
      • Southern California
      • Switzerland
      • Washington, DC
  • About
    • About Asia Society
    • Inclusion & Diversity
    • Mission & History
    • Co-Chairs and Trustees
    • Senior Leadership
    • Global Staff
    • Experts & Fellows
    • Global Council
    • Careers
    • Interns and Volunteers
    • Financial Statements
    • For the Media
      • Press Releases
  • Support
    • The Campaign for Asia Society
    • Corporate Engagement
      • Business Council
      • Global Talent and Diversity Council
      • Rising Executives Network
      • Enhancements to Membership
      • Corporate Membership
      • Global Corporate Leaders
    • Membership
    • Donate

As the Trade Dispute Ratchets Up, the Stakes Couldn't Be Higher

September 5th, 2019
Chinese factory export

Workers produce desks for export to the US, France, Germany and other countries, at a factory in Nantong in China's eastern Jiangsu province on September 4, 2019. China said on September 2 it had lodged a complaint against the United States with the World Trade Organization (WTO), one day after new tariffs imposed by Washington on billions of dollars worth of Chinese goods came into force. (STR/AFP/Getty Images)

On Thursday morning, the U.S. and China announced they would resume trade negotiations in October. 

Speaking at a briefing held at Asia Society New York on Thursday, Wendy Cutler, vice president of the Asia Society Policy Institute, said much is on the line for the next rounds of talks.

“If [the negotiation] breaks down, we’re not going to go back to where we were. We have to define a new relationship,” she said. “The stakes are so high here — two of the largest trading partners, the largest economies in the world, and how they work out or don’t work out their trade relationship is not going to be just limited to trade; it’s going to impact all other parts of our relationship.”

The U.S. and China have been undertaking a tit-for-tat trade dispute for more than a year, with unprecedented tariff hikes by both sides.

On Sunday, U.S. President Donald Trump imposed a new round of 15-percent tariffs on some $112 billion of Chinese imports — primarily consumer goods like electronics and footwear. China responded with a 5 percent tax on a range of products including agricultural goods and crude oil. Two more rounds of tariffs have been threatened in the coming months. “If all promised action takes place,” Cutler noted, “[by December] we would have tariffs in place on about 97 percent of Chinese imports.” 

Cutler said the talks thus far have been stymied by a top-down approach and “significant miscommunication and misreading of each side by the other…. I think the Chinese really misread the United States. China, up until 18 months ago, thought it could just purchase a lot of our stuff and this would be over. It took them a while to pivot and understand that they needed to also address market access and structural issues and deal with an enforcement mechanism.”

But news that negotiations will include not just ministerial-level meetings, but ongoing discussions at the vice-ministerial level are heartening, Cutler said. 

“I think what would be extremely helpful now is for both sides to quiet down and... let the negotiators do their work." 

If China and the U.S. can establish a better atmosphere in the coming months, through such goodwill gestures like the U.S. approving domestic companies’ licenses involving non national security products to sell to Huawei, or China buying more American agricultural products, “then the two sides could get back to the actual negotiating text that fell apart last May… and resolve those handful of outstanding issues.”

Watch the full talk, below. 
 

u.s.-china relations
asia society policy institute
asia blog
wendy cutler
u.s.-china trade war
trade
economics
donald trump
about partners subscribe

About the Author

Profile picture for user Abby Seiff

Abby Seiff is an editor at Asia Society. She previously worked as the Asia editor for Devex, and covered politics, human rights, and the environment in Southeast Asia as a freelance reporter. 

Contents

  • Arts
  • Business
  • Current Affairs
  • Education
  • Food & Recipes
  • Lifestyle
  • Multimedia
  • Policy

Featured Posts

Suharto
Q&A: Vincent Bevins on How Indonesia’s Anti-Communist Campaign Shaped the Modern World
Doctors treat a patient infected with COVID-19
A Pulmonary Physician on What It's Like To Treat COVID-19 Patients
A scene from Never Have I Ever
'Never Have I Ever' Star Poorna Jagannathan on Saying No to Roles Portraying Indian Caricatures
Alan Yang Asian In-Depth
Asia In-Depth Podcast: A Conversation With Writer and Director Alan Yang
Facebook
We Know Asia,
Get to Know Us

Visit Us

  • Hong Kong
  • New York
  • Texas

Global Network

  • Australia
  • India
  • Japan
  • Korea
  • Northern California
  • Philippines
  • Southern California
  • Switzerland
  • Washington, DC

Resources

  • Arts
  • Asia Blog
  • ChinaFile
  • Current Affairs
  • Education
  • For Kids
  • Policy
  • Video

Shop

  • AsiaStore

Initiatives

  • Arts & Museum Summit
  • Asia 21 Young Leaders
  • Asia Arts Game Changer Awards
  • Asia Game Changer Awards
  • Asia Society Museum: The Asia Arts & Museum Network
  • Asia Society Policy Institute
  • Center for Global Education
  • Center on U.S.-China Relations
  • China Learning Initiatives
  • Coal + Ice
  • Creative Voices of Muslim Asia
  • Global Cities Education Network
  • Global Learning Beyond School
  • Global Talent Initiatives
  • Int'l Studies Schools Network
  • U.S.-Asia Entertainment Summit
  • U.S.-China Dialogue
  • U.S.-China Museum Summit

About Asia Society

  • Mission & History
  • Our People
  • Become a Member
  • Career Opportunities
  • Corporate Involvement

Connect

  • Email Signup
  • For the Media

©2021 Asia Society | Privacy Statement | Accessibility | About AsiaSociety.org | Terms & Conditions | Sitemap | Contact

Asia Society takes no institutional position on policy issues and has no affiliation with any government.
The views expressed by Asia Society staff, fellows, experts, report authors, program speakers, board members, and other affiliates are solely their own. Learn more.

 

 

  • Visit Us
  • Hong Kong
  • New York
  • Texas
  • Global Network
  • Australia
  • India
  • Japan
  • Korea
  • Northern California
  • Philippines
  • Southern California
  • Switzerland
  • Washington, DC