Bloomberg Daybreak: Asia Edition Trade Talk Optimism Caps APAC Trading Week
May 9, 2025
Claire Reade, a Senior Counsel at Arnold & Porter and former Assistant U.S. Trade Representative for China Affairs, shares her insights on the complex U.S.-China trade negotiations. She highlights the optimism surrounding potential tariff reductions and the impacts of a new trade framework with the U.K. Reade discusses the strategic challenges in U.S.-China relations, underscoring differing national interests. The conversation also touches on investment opportunities in Hong Kong and Europe against the backdrop of evolving global trade dynamics.
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UK vs China Trade Deals
- The UK trade deal is an easy, quick agreement due to low trade conflicts and no deficit.
- China's case is complex, so any trade negotiation with them will be tougher and could take much longer.
China's Negotiation Approach
- China demands U.S. remove tariffs first before serious talks but talks started without tariff removals.
- China may show flexibility if it does not lose face and sees self-interest in negotiations.
Trump Focus in China Talks
- Trump prioritizes business and commercial wins over humanitarian issues in China talks.
- Likely outcome includes tariff reduction and deeds like China helping on fentanyl control.