The U.S. and China shouldn’t let a lack of agreement on trade boil over into other aspects of cooperation, Singapore’s Prime Minister Lee Hsien Loong said.
Trade issues between the superpowers are “genuine ones,” and leaders of the two countries need to make decisions to resolve any conflict, Lee told Bloomberg Editor-in-Chief John Micklethwait in an interview at the New Economy Forum in Singapore. Global trade issues need to be addressed or it could risk erupting into broader conflicts, he said.
“Both sides must want to reach a deal and then it can be worked out,” Lee said, adding that the countries were reported to have been close to agreements which later faltered at the “top level.”
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