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Published on May 6 2019

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  • Trump’s threat of increased tariffs on Chinese goods is an indication that U.S.-China trade negotiations may have hit “a sticking point,” Goldman Sachs says in a note.
  • “This represents a shift from the optimistic statements from US officials over the last few weeks and suggests that the probability of a near-term agreement is at least slightly lower than it seemed to be recently,” the bank says.
  • The most important near-term indicator to watch, according to Goldman, will be whether the large delegation of Chinese officials comes to Washington on May 8, as scheduled.

Written by construction man

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