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:
- 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.
- Second is a “pause” “¦ existing tariffs remain in place but continued talks with escalation on hold.
- Third, and unlikely in the close term, is a rollback of current tariffs.”