Markets breathed a big sigh of relief at the G20 a few weeks ago when Trump announced that after meeting with Xi, China had agreed to return to the negotiating table with the US. This sent expectations surging that a trade deal between Washington and Beijing was within reach. However, all that hope seems to have been for nothing, as Trump and China are reportedly having trouble even making it back to the table because of being at odds over Huawei.
FINSUM: To be honest, we think the US and China are so at odds over trade that it is hard to imagine they will be able to resolve these tensions any time soon. Some are even saying this is going to be the Cold War 2.0.