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Beyond Xi-Trump dinner, WTO reform plan may worsen trade spat
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Geneva, Dec. 1 -- The high stakes dinner meeting between US President Donald Trump and Chinese President Xi Jinping on Saturday in Buenos Aires may hold off the worsening tariff war between the world's two largest economies for the time being.
But the fundamental trade-related differences between the world's two largest economies are unlikely to be resolved any time soon and the trade war could worsen further as China will not agree to give up its specific "development model", which the US wants to dismantle, according to people in the know.
Ahead of the Trump-Xi meeting, China unveiled a set of proposals for reforming the World Trade Organization (WTO) on Wednesday. Beijing called for respecting "members' development models", implying ...
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