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Opinion: Despite New Approach, Thorniest Issues Will Decide if Trade Deal Lives or Dies

2019年10月14日 19:56 来源于 财新网
Despite positive noises from Beijing and Washington, failure to agree on the thorniest issues could still scuttle any final agreement
U.S. Treasury Secretary Steven Mnuchin (right) and U.S. Trade Representative Robert Lighthizer (left) greet Chinese Vice Premier Liu He as he arrives for trade talks at the Office of the U.S. Trade Representative in Washington DC, on Oct. 10. Photo: VCG

It’s the golden rule of trade talks: Nothing is agreed until everything is agreed.

You may have settled nine points of a 10-point agreement, but until you deliver the most difficult one things can always backtrack — with parties pressing for further concessions on the previous points in order to secure the last.

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