Ng Kok Song

Truce or Dare: Navigating US-China Relations

Curtis Chin, Steven Ciobo, Ng Kok Song, Weijian Shan, Lord Mandelson

Moderated by former Australian Trade Minister Steve, a panel including Kok Song of Avanda, PAG CEO Weijin Shan, and former European Trade Commissioner Lord Peter Mendelsohn analyzed the deteriorating US-China economic relationship and the declining probability of a bilateral trade deal before the 2020 election. Participants highlighted how tariffs have widened the US trade deficit while China's shifting focus toward domestic consumption and supply chain stickiness have left American consumers bearing an estimated $80 billion in costs. The experts forecast a prolonged period of geopolitical friction and potential global system bifurcation, predicting that political posturing will likely prevent meaningful resolution despite severe economic inefficiencies.