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Analysts at Goldman Sachs offer their view on the probable outcomes of the much-awaited meeting between China’s President Xi and US counterpart Trump this weekend on the side-lines of the G20 meeting.

Key Quotes:

“Trump-Xi meeting – 3 scenarios:

  1. The first and in our view most likely is continuing on the current path of ‘escalation’ — tariff rates rise to 25 percent on all imports currently under tariff, and tariffs are extended to remaining Chinese imports.
  2. Second is a “pause” “¦ existing tariffs remain in place but continued talks with escalation on hold.
  3. Third, and unlikely in the close term, is a rollback of current tariffs.”