Moody's warns consequences of a breakdown in US.-China trade talks
|Moody's:
If an abrupt breakdown in US.-China trade talks happen, would lead to policy uncertainty, increased risk aversion and abrupt repricing of risk assets globally.
China has already pledged to increase tariffs by 1st June ($60B on U.S. goods), something that Trump has warned them against doing...or things could get a lot worse.
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