“The ongoing tariff gridlock with China carries the risks for escalation as well, which suggests that the secondary effect of higher tariffs on China on growth will still be felt by trading partners,” he adds.
The “negotiating phase” between world leaders and US President Donald Trump is now underway — save for China, notes Yeap Jun Rong, market strategist at trading solutions provider IG.
US tariffs will likely go into effect as planned, negotiations could drag on for some time, which will likely translate to some tough conditions from the US, says Yeap in an April 8 note.
