Caixin
Feb 12, 2019 12:57 PM
WORLD

Kevin Rudd Says China-U.S. Trade Deal Will Be ‘Superficial’

Former Australian Prime Minister Kevin Rudd says any trade deal between China and the U.S. will not be an end to the matter. Photo: VCG
Former Australian Prime Minister Kevin Rudd says any trade deal between China and the U.S. will not be an end to the matter. Photo: VCG

(AFR) — A modest Washington-Beijing trade breakthrough won't defuse an intensifying cold war over technology that will hurt investors, says seasoned China-watcher Kevin Rudd after U.S. President Donald Trump ordered the US government to step up AI investment.

With both sides resuming talks in Beijing this week, financial markets are still wondering whether the US and China can resolve major differences ahead of the March 1 deadline, after which US tariffs on Chinese imports are scheduled to surge.

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