When the unthinkable happens: U.S.-China trade negotiations break down for good
It’s impossible to forecast where the U.S.-China trade confrontation is going, although given what the bond market is doing, it’s no place good. The markets are trading on headlines that may become economic events, but the worst-case scenario of much higher tariffs and a much bigger slowdown in global trade has not developed yet. In other words, I don’t think we are yet at the point of no return in this trade negotiation.
Published:8/12/2019 4:32:33 AM