On CNBC’s “Squawk Box”, James McCormack, Fitch’s Global Head of Sovereign Ratings, responded to the US-China goodwill trade gesture, by saying that de-escalation in tensions between the two countries is welcomed, it’s still difficult to see both sides reaching any “real resolution” anytime soon.
Key Quotes:
Things change very quickly, it’s hard to know what motivation there is “” to be honest “” on the U.S. side.
So, I wouldn’t want to read too much into a small concession suggesting that we’re on the road to this being resolved.
I think there’s a couple more chapters yet to be written in the trade war.
- President Trump: Agreed to move increased Chinese tariffs on 250 billion dollars’ worth of goods to october 15th
- A goodwill gesture from US side creating good vibes for Oct trade talks – Global Times
- China considering US farm imports ahead of talks as sign of goodwill
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