US-China trust needed more than trade deal to stop break-up of world economy, Singapore minister warns

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Even if the United States and China reach a trade deal, the lack of “strategic trust” between the two powers could still result in a fragmented global economy, Singapore’s trade and industry minister warned on Monday.Chan Chun Sing said countries around the world would try to “de-risk their economies” by making supply chains operate in silos to hedge against any further falling-out between the economic giants.“That is the most dangerous trajectory for the world’s economy,” Chan told American…

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