If you look at Trump's Team. Most of them are hawks of varying degrees against China.
And if you look at Peter Navarro, Director of Trade and Manufacturing Policy.
He will implement 43% tariffs on China if he gets his way and he is unlikely to agree to ANY trade deal.
So will the trade deal get done? Yes and No.
Yes it may have a superficial agreement sometime soon before Trump's term ends to pacify the markets.
No because a trade deal with china is not the agenda for many members of trump's team.
How many times has the trump team said a deal is almost done when nothing is concluded in the end?
China is sensing this and may just wait it out, China is very much prepared for the pain ahead.
My take is a ceasefire or a superficial deal at best. It's not going to end anytime soon.
And if you look at Peter Navarro, Director of Trade and Manufacturing Policy.
He will implement 43% tariffs on China if he gets his way and he is unlikely to agree to ANY trade deal.
So will the trade deal get done? Yes and No.
Yes it may have a superficial agreement sometime soon before Trump's term ends to pacify the markets.
No because a trade deal with china is not the agenda for many members of trump's team.
How many times has the trump team said a deal is almost done when nothing is concluded in the end?
China is sensing this and may just wait it out, China is very much prepared for the pain ahead.
My take is a ceasefire or a superficial deal at best. It's not going to end anytime soon.