Letters

Trade standoff

 

It is appalling that the clash of the world’s economic titans, the U.S. and China, vis-à-vis their sordid tariff war, has now escalated (Page 1, “China hits back, imposes tariff hike on U.S. goods worth $60 bn”, May 14). Undoubtedly, the trade war has been initiated by the myopic U.S. President, who has been playing to the domestic gallery. While no one can deny the fact that the U.S. has a gaping trade deficit with China, the truth is that it can be traced to China’s Confucian work ethic, which gives it an edge in trade.

One hopes that wiser counsel will finally prevail and the two countries will arrive at a compromise. Even if there are no scheduled official meetings between the two countries, opportunities should be explored on the sidelines of the G20 Summit in Japan in June to set the ball rolling.

Nalini Vijayaraghavan,

Thiruvananthapuram

The trade war between the U.S. and China has been escalating to the detriment of the world economy. It is more likely to prove to be a lose-lose game, not only to the players directly involved but also to the rest of the world. The U.S.’s newfound love for protectionism is a direct blow to others. In all this, the WTO which is supposed to play a vital role of arbitrator between nations with competing interests has become toothless. The redefining of trade relations, bilateral and multilateral, among nations should take place with an effective overseeing body. Streaks of unilateralism and protectionism should be discouraged in the larger interests of the world economy.

Dr. D.V.G. Sankararao,

Nellimarla, Andhra Pradesh

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Printable version | Feb 23, 2020 5:07:49 AM | https://www.thehindu.com/opinion/letters/trade-standoff/article27131494.ece

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