US-China Rivalry to Persist Despite Trade Truce, Singapore Says

- Fierce competition between the US and China will persist despite the recent meeting of the countries’ leaders creating an opportunity for the two economic superpowers to engage and deescalate, said Singapore Prime Minister Lawrence Wong. 
“The intense competition and rivalry will continue I’m sure,” Wong said in an interview with Bloomberg News Editor-in-Chief John Micklethwait at the New Economy Forum in Singapore on Wednesday. “While it may be a temporary truce, a temporary stabilization in the relationship, it was much needed.” 
The guardrails will ensure the rivalry does not slide into a full decoupling, or worse confrontation and conflict, Wong said. Wong, 52, has repeatedly warned that President Donald Trump’s tariff war and deepening disagreement with China on trade and security has ended an era of globalization and open trade — an environment in which Singapore had flourished. And Washington’s forceful actions toward Beijing has stoked the competition. 
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