Negotiators are making progress sketching out the specifics of a US-China trade deal, which suggests that Trump is likely to postpone the tariff hikes scheduled for next week. But the big picture is that any trade deal won’t avert a further economic slowdown in China. Meanwhile, the renminbi still looks set to weaken in the coming quarters even though increased US scrutiny of China’s exchange rate may limit the extent of depreciation.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.