The trade conflict between Washington and Beijing took a breather lately, after the two camps agreed on some small issues and reached a de-facto truce. Even if this small agreement is finalized in November though, a ‘big’ deal wouldn’t be any closer as neither side is ready to compromise on the real issues. For that to change, a US recession might need to come on the horizon, making Trump soften his stance to boost the economy before the 2020 election. [..]
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