The Trump administration has in recent days made goodwill gestures to China ahead of a fresh round of talks. — SCMP
The United States is likely to be in greater need to strike a trade truce with China than the other way around as the 2020 election and a possible economic slowdown weigh heavily on US president Donald Trump, an economist at Mitsubishi UFJ Financial group shared.
“Clearly, (Trump) doesn't want a S&P 500 correction of 10% in the middle of a re-election campaign next year,” Derek Halpenny, research lead of Europe Global Markets at Mitsubishi UFJ Financial Group (MUFG), said in an interview.
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