US-China trade conflict: Further escalations – Danske Bank

Sandeep Kanihama FXStreet Contributor

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.

Key Quotes

“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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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