China-US tiff goes beyond tariffs and trade: analyst

ABS-CBN News

Posted at Nov 29 2018 07:45 PM | Updated as of Nov 30 2018 07:37 PM

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MANILA - The rift between the United States and China goes much deeper than the issue of trade and tariffs, an analyst said Thursday.

Daniel Franklin, executive and diplomatic editor of The Economist, said the US now sees China as a strategic rival.

Franklin said that while a truce in the trade war between the two economic giants will give the world economy a much needed shot in the arm heading into the new year, relations between China and the US will not immediately improve.

"Even if they do have a good dinner and something positive emerges, I don't think it's by any means the end of the story," Franklin said in an exclusive interview via Skype with ANC's Market Edge.

Franklin also added that many countries are getting divided between nationalist and globalist lines.

"In 2019, we're going to get a pretty good sense of where the dividing lines are and who's winning."

US President Donald Trump and Chinese President Xi Jinping are set to meet during the G20 Summit on Nov. 30 in Argentina.