South China Sea: Biden ‘unlikely’ to stop Trump anti-Beijing policy in ‘larger’ trade war

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The EIU Trade Lead went on to spotlight “larger issues” which are preventing Beijing and Washington from a return to trading, as was seen with the now-abandoned Phase One deal signed in January.

Mr Marro said: “I think there are larger issues that now overshadow the discussion on merchandise trade flows, particularly when we think about things like 5G and technological dominance, as well as human rights in Xinjiang or the erosion of One Country, Two Systems in Hong Kong.

“We expect Biden to explore how to re-engage with China on trade topics, but friction will persist over deeper, structural issues such as market access or industrial subsidies.

“Overall, this also won’t halt the broader deterioration elsewhere in the relationship either, such as technology, finance, investment and security.”



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