No US-China trade deal any time soon unless two key obstacles are overcome

//No US-China trade deal any time soon unless two key obstacles are overcome

No US-China trade deal any time soon unless two key obstacles are overcome

A sudden turn for the worse in US-China trade tensions has sent shock waves through financial markets over the past two weeks. The tariff escalation by the US and then China was followed by a sharp depreciation in the renminbi, Washington’s blacklisting of Huawei and news of China selling US Treasury bonds, raising concerns about the risks to the global economy.Washington and Beijing have different versions of what led to the stalemate. The US story was straightforward: China backtracked on its…

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By | 2019-05-22T14:00:18+00:00 May 22nd, 2019|Business|Comments Off on No US-China trade deal any time soon unless two key obstacles are overcome