Do your duties

29 November 2018 By Stewart Paterson

President Trump’s deployment of tariffs against China is an economically sound attempt to rebalance a distorted relationship, Asia hedge fund manager Stewart Paterson argues. Concerns about inflation’s impact on U.S. consumers are overblown; it’s Wall Street that should worry.

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Global leaders will gather in the Argentine capital Buenos Aires this week for the Group of 20 summit, a meeting of the world's largest economies responsible for 85 percent of global economic output and two-thirds of the world's population.

U.S. President Donald Trump and Chinese President Xi Jinping will meet for the first time since Washington imposed tariffs on $250 billion in Chinese imports. China has retaliated with its own measures.

Stewart Paterson is a hedge fund manager and investment strategist with 20 years experience living and working in Asia, including stints as managing director for CLSA and Credit Suisse in Hong Kong. He is the author of “China, Trade and Power: Why the West’s Economic Engagement Has Failed”.

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