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Home / Business / The trade war will 'get worse before it can get better': an analyst

The trade war will 'get worse before it can get better': an analyst



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Wall Street honors President Trump's statements that the United States and China will return to the table for & nbsp; another round of trade talks days after both sides & nbsp; escalated their customs battle . "Data-reactid =" 1
5 "> Wall Street cheers President Trump's statements that the US and China are returning to the table for a new round of trade talks, days after both sides escalated their customs battle.

But Isaac Boltansky, the director of policy research at Compass Point Research and Trading, is skeptical that it will soon be a solution to the trade war.

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = "" Our message to customers today is that you should look at those headlines with a healthy degree of skepticism, "he told Yahoo Finance & # 39; The First Trade ." "This story needs to get worse before it can get better." " Data-reactid = "17"> "Our message to customers today is that you should look at those headlines with a healthy degree of skepticism," he told Yahoo Finance "The First Trade." "This story needs to get worse before can be better. "

" We've seen both sides of the Pacific dig into more. There is political pressure in China, and the president also sees trade as a political issue that can help him in 2020, ”he said. "I think we need to see more aggravation in these conversations before we can see some kind of detente."

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8 cm) – sm" type = "text" content = "At a G7 news conference in Biarritz , France, Trump told reporters that he believes China will & nbsp; make a trade & nbsp; "very bad," and will have to save its declining economy. " data-reactid = "19"> At a G7 news conference in Biarritz, France, Trump told reporters he thinks China wants to do a "very bad" trade and will have to do to save its declining economy. [19659004] "I don't think they have a choice," he said.

US President Donald Trump listens to French President Emmanuel Macron during the recent G7 press conference on Monday, August 26, 2019 in Biarritz, southwest of France. (AP Photo / Francois Mori)

Boltansky says that the United States does not appear to have a choice either.

“We are beginning to see real-world pain from some of the political rhetoric of the past. years, ”Boltansky said. "These trade wars will continue to weigh on business optimism, consumer confidence and commitment on the CAPEX side."

Don't expect any resolution until the realities of the 2020 campaign begin to materialize, he said. [19659012] "I think the president still wants to run the economy by 2020," Boltansky said. "The main pillar makes me think that we will have some kind of detente or thaw in US-China relations on trade before Election Day."

"It will be worse before we get there," he said. "But I think that's the end game."

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