Some believe the incoming US president is in a strong position to negotiate a trade deal with Beijing
Less than a day after Trump’s election victory clouded the outlook for tariff-free trade, one adviser to international companies in mainland China was already looking for the silver lining. On the sidelines of Shanghai’s biggest trade fair, Cameron Johnson pointed to an interview with the president-elect in Chicago in October. “There are no tariffs,” said Trump, in response to a question about the risk of the “biggest trade war” since the 1930s.
The EU’s plans to demand technology transfers from Chinese companies follows the same logic. Kent D Kedl, head of consultancy Blue Ocean Advisors, says the prospect of a deal is “totally unknown at this point” given uncertainty around Trump’s approach. But he suggests the incoming president will be “flexible on policy”, adjusting his position if a Chinese company, say, promised to invest $5bn in the US and create 10,000 jobs. “You don’t think he’s going to take the win on that?” he says.
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