August 27, 2018

The U.S. and China will continue their standoff in the ongoing trade war as there is just not "enough pain" yet for either side to back off, an expert said on Monday.

"I think we are in for a prolonged period of continuing escalating tensions," said Deborah Elms, the executive director at the Asian Trade Centre, which is based in Singapore.

One problem is that "both sides think they have the upper hand in this debate," Elms told CNBC's "Capital Connection."

Read more:

https://www.cnbc.com/2018/08/27/us-china-trade-war-is-poised-to-intensify-asia-trade-expert-says.html