The standoff has rattled the world’s financial markets amid nervousness about potential disruption of the international trade system and knock-on implications for global growth. The growing risk of a 2020 recession and crisis | Nouriel Roubini Read moreThere have been signs the two sides want to restart talks. “Market expectations for a meaningful breakthrough being achieved in U.S.-China trade talks are quite low, so any signs of an improvement could bode well for risk sentiment,” he said. Chinese state media have promised the country will “fight to the end” and have framed the trade war as an attempt by Washington to constrain China’s development. “The Trump-Xi talks could open the path for renewed trade negotiations to defuse the US-China trade and technology wars that have been escalating in recent weeks,” said Rajiv Biswas, Asia Pacific chief economist at IHS Markit.

Source: The Guardian June 26, 2019 02:03 UTC