It appears that the trade war is taking a bigger toll on China's economy than that of the U.S. and that may prompt the Chinese to surrender, according to Nomura.
"I suspect the increasingly pronounced slowdown in China's economy, coupled with recent employment data pointing to continued strength in the US economy, are
putting heavy pressure on China to settle sooner rather than later," Richard Koo, chief economist of the Nomura Research Institute, said in a note on Tuesday.
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