Analysts say ‘piecemeal’ trade agreements could precede Trump-Xi meeting, but China will not be pressured into a one-sided agreement
But the odds of significant breakthroughs – at least in the short term – are unlikely, as negotiations between the superpowers will continue to be difficult and serve as a long-term test of trade resilience, they added.
“It is in neither party’s interest to see tariffs re-escalate,” said Lynn Song, Greater China chief economist at Dutch bank ING. “But at the same time, it is also difficult to envision a grand bargain to resolve issues once and for all.
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