US-China trade war could go on until 2020 presidential elections
2018-11-23 09:52:50 source：CNBC
November 22, 2018
Trade tensions between the U.S. and China could go into "a temporary hiatus" in the coming months, but would remain unresolved until the presidential elections in 2020, according to Standard Chartered Private Bank.
That's because Washington's decision to resolve tensions with Beijing will likely be driven by politics, said Steve Brice, chief investment strategist at Standard Chartered Private Bank. U.S. President Donald Trump will be seeking a second term in the White House during the 2020 presidential elections.
"I think it's going to be a political decision: Does it actually bode well for the U.S. having solved, in Trump terminology, the China trade issue today? One could argue that actually, he'd be better doing that six months before the elections so he's got the tailwind going into his re-election bid," Brice told CNBC's "Street Signs" on Thursday.
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