Trade war in an exceedingly lose-lose scenario for each China and therefore the US- ING part 2

Trade war in an exceedingly lose-lose scenario for each China and therefore the US- ING part 2

“As China has allowed USD/CNY to cross seven.0, we expect it's potential that this plan of action is reused to weaken the yuan any to surprise the market once more. we tend to expect USD/CNY to maneuver nearer to seven.10 level or maybe cross seven.10 shortly if the trade talks in Gregorian calendar month do not build any progress just like the last spherical.”

“If the U.S. retaliates gratingly, then we tend to expect China to actually come out its unreliable entity list. however if it does not, it'll get on the rear foot throughout the coming trade negotiations in Gregorian calendar month - and given President Trump's latest tweets, that appears unbelievable. In our read, one issue is sure, this is often a lose-lose scenario for each China and therefore the U.S. during this trade and technology war.”