Investors look set to make money when Washington and Beijing sign their 'phase one' trade deal — but in the long term, the Sino-U.S. trade war is 'unresolvable,' according to one analyst.
it might be better to wait until after the United States' 2020 election to strike a deal with Beijing.
"I think any trade deal we get between the U.S. and China is going to be very shallow," he explained. "It's not the all-encompassing deal we were hoping for." Trump on Monday announced he would slap tariffs on steel and aluminum imported to the U.S. from Argentina and Brazil, accusing both nations of hurting American farmers by devaluing their currencies.
Speaking to CNBC's "Street Signs" last week, Keyu Jin, associate professor of economics at London School of Economics,Meanwhile, Yale University professor and former Morgan Stanley Asia Chairman Stephen Roach
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