US-president Donald Trump gave the financial market a hit this week by announcing a sudden increase of tariffs on Chinese goods, but veteran economist Arthur Kroeber still believes a trade deal could be done next month, he tells Bloomberg.
Bloomberg:
“The most likely outcome is that a deal will still be done,” said Arthur Kroeber, the head of research at Gavekal Research. “The main reason is that global markets have priced in a deal, so a failure of the talks will trigger a massive sell-off,” he wrote in a note to clients. “The odds still favor an agreement in time for Trump and Xi Jinping to sign it ahead of the G-20 summit in Osaka on June 28.”
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