XPP - From U.S.-Sino Talks To New Trade Wars Weakening Global Prospects
Recently, IMF cut global growth forecasts. As US-Sino trade talks will give way to next trade wars, new tariff wars will not resolve US deficits but will further impair global economic prospects.
Ever since the US-Sino trade talks began almost four months ago, the United States has pushed for a broad commitment focusing on China's economic practices, including participation of U.S. firms in certain industries and protection of U.S. intellectual property rights (IPRs).
In a recent CNBC interview, Treasury Secretary Steven Mnuchin claimed that the countries had "pretty much agreed" on an enforcement mechanism for