Reading Trump: Wade is of the opinion that Trump may be reluctant to escalate tensions further.
THE latest developments in the unfolding trade war saga suggest that trade tensions between the United States and China will be more protracted than previously expected, says Schroders chief economist and strategist Keith Wade.
Two weeks ago, the United States announced raising tariffs on US$200bil of imports from China to 25% from 10%, and China responded by increasing tariffs on US$60bil imports from the United States.
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