Monday, 24 June 2019 08:34

Trade Truce is Becoming Less Likely

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(New York)

The trade war between the US and China has been pretty intense for some months, but many are wondering if it is headed for a cool down as the countries come to an agreement. The odds of such a development look bleak, according to Bloomberg, because each side’s alternative is looking better. Trump and Xi will meet at the G-20 summit this week to talk over their country’s trade issues, but given that both countries have realized they have good options outside of one another, it seems unlikely a deal will materialize.


FINSUM: We think a symbolic deal could still happen, but it is hard to envision an impactful and comprehensive deal being agreed any time soon.

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