Analysts at Danske Bank suggest that the pendulum keeps swinging in the US-China trade conflict as recently, tensions eased following Xi Jinping's speech at the Boao Forum last week, but we could see a further escalation again this week.
“The White House is preparing to announce details on which goods categories of the USD100bn announced previously will be subject to a 25% tariff and in this case we expect China to be quick to announce a 1-1 retaliation. While we still believe in a deal between the US and China, ultimately we may be in for another escalation soon. We are likely to see ebbs and flows in the conflict before a deal is finally reached down the line.”
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