China won’t bow to US, Rudd warns

Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 10 : 20-Sep-18

Australia’s former prime minister Kevin Rudd says there seems little prospect of the US-China trade dispute being resolved prior to the US mid-term elections in November. Tensions between the two nations have been heightened by the Trump administration’s decision to impose tariffs on $US200bn worth of Chinese imports, with China retaliating in kind. Rudd says China is aware that it will need to compromise on its stance on trade and investment rules, but it will not want to be seen to be backing down. He recently warned that the trade war could escalate into a new cold war.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, ASIA SOCIETY POLICY INSTITUTE, DOW JONES INDUSTRIAL AVERAGE INDEX

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