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US China trade war

China and the U.S, the world’s two largest economies, have been quarrelling over trade for months, engaging in a tit-for-tat tariff battle and intermittently frightening investors with the prospect of a full-blown trade war.

China and the U.S., the world’s two largest economies, have been quarreling over trade for months, engaging in a tit-for-tat tariff battle and intermittently frightening investors with the prospect of a full-blown trade war. ICAEW’s Hong Kong chapter offered insights entitled “US – China Trade War – Disputes, Counter-measures, Allies and Wooing other global nations”.

Hosted by Edward Chow, Hong Kong’s Chapter Committee Chair and bringing together experts from Baker McKenzie, EY and The Economist Corporate Network.

Keynotes presentation and excerpts from the panel discussion

The event opened with a presentation from Robert Koepp, director of The Economist Corporate Network. In his 30-minute seminar, he discussed China’s trade model externalities (Trumpism), protectionism policies, fintech and where would a war be without some game theory?

After his presentation, Robert was joined by Edward Chow, FCA, ICAEW Hong Kong Chapter Chair, Keith Pogson, FCA, Global Assurance Leader Banking & Capital Markets, EY and Gary Seib, Chair Asia Pacific – Global Executive Committee, Baker McKenzie, to answer questions about the region posed by Robert and the audience. The questions covered:

The speakers

From left to right: Edward Chow, Gary Seib and Keith Pogson.

The US-China Trade War

Robert Koepp, Director, The Economist, outlines the political economics and twisting developments underpinning the trade war between the US and China, in a presentation to ICAEW’s Hong Kong Chapter on the 19 September. 

The US-China Trade War: Q&A Introduction

Koepp is joined by Keith Pogson, Global Assurance Leader, Banking and Capital markets, EY, Edward Chow, ICAEW Hong Kong Chapter Chair, and Gary Seib, Global Executive Committee, Chair Asia Pacific at Baker McKenzie, to discuss his presentation.

The US-China Trade War: Are we seeing more investment into China or are things getting tougher for foreign businesses?

Gary Seib, from Baker McKenzie, and Edward Chow, ICAEW Hong Kong Chapter, discuss examine the question of whether more foreign investment is flowing in to China or whether things are getting tougher for some foreign companies.

The US-China Trade War: Is Trump helping to open China up to US and other foreign businesses?

Chair of ICAEW Hong Kong Chapter, Edward Chow, The Economist’s Robert Koepp and EY’s Keith Pogson share their thoughts on whether Trump’s tariffs are helping US organisations, and others, to gain access to the Chinese market.

The US-China Trade War: What industries could benefit or be impacted negatively by these tariffs?

Edward Chow, ICAEW Hong Kong Chapter Chair, Gary Seib from Baker McKenzie and EY’s Keith Pogson discuss the impacts on industries including: mobile technology, biotech, pharmaceuticals, automotive and healthcare.

The US-China Trade War: Might China move back to focusing on a manufacturing based economy?

Edward Chow, Keith Pogson, Gary Seib and Robert Koepp discuss a question from the audience about whether China will stop working towards a service-based economy and whether that would mean the US is winning the trade war.

The US-China Trade War: Is there a bigger game that’s relevant than just the balance of trade?

The Economist’s Robert Koepp answers an audience question that picks up on his point that as a measure ‘balance of trade’ does not capture everything and what this means for the trade war.

The US-China Trade War: How strong is anti-globalisation and are we at risk of a depression?

The panel consider an audience question reflecting on anti-globalisation feeling, as exemplified by the US-China trade war and Brexit, and its impact on the global economy.