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Our Latest Views on the U.S. - China Trade Dispute

By Advisor Perspectives
Financial Services

In my December issue of Sinology (“A Truce Over Steak and Malbec”) I wrote that “prospects for real progress on substantive issues with China are now better than at any point in the Trump administration,” because Trump recognized that “a trade war with America’s largest trading partner would damage the U.S. economy and equity markets, and thus the president’s re-election chances.”

The ensuing 11 rounds of negotiations over five months appeared to be on track for a deal—until they weren’t. The president tweeted in early May that “China should not renegotiate deals with the U.S. at the last minute.”

But I remain optimistic, based on my view that Trump continues to believe that his re-election prospects are best served by a deal.

Read more at Advisor Perspectives.

Photo: iStock

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