Strategists react to the latest U.S. China trade news.
"We think it is more likely that the increase will be narrowly avoided and believe the odds of tariffs increasing on Friday are 40%,""Unless China walks away from the talks , we do not expect an escalation of trade tensions into a trade war," Citi said."The timing of the threat suggests it is a tactic designed to increase leverage going into final trade negotiations," UBS said.
on a US-China trade deal in 2Q but with the tariffs-threat to remain as a way to get concessions from China and to enforce the agreement. ""There are no clear reports indicating what led President Trump to harden his stance on trade talks, with media reports suggesting it was designed to "send a message" or was in response to China backtracking on previously negotiated points.
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