The Research Team at Bank of America Merrill Lynch (BAML) offers their expectations from the much-awaited G20 meeting between the US President Trump and his Chinese counterpart Xi.
Key Quotes:
“The best we can hope for is a truce, not a deal.
A likely ceasefire, delays in tariffs agreed to on both sides.
Given the scope of disagreement between the two side, a major deal is unlikely.
A truce is at least a positive but will soon evolve into worry unless sides move towards a deal.”
Earlier today, the SCMP reported that the US-China have reached a tentative trade truce.
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