I can't see the US and China agreeing on the Unilateral vs Bilateral trade agreement. The US obviously want an unfair Unilateral agreement so the can keep tariffs in place boosting their domestic economy and job market, while China want a Bilateral agreement so their domestic economy can better control the slowdown currently underway.
Not sure who will concede or if they will walk away without a deal with US keeping tariffs I place. If no one concedes and they walk away with no deal, I see this as a major catalyst for the demise of the USD reserve status as more counties trading direct with China in the Yuan.
Any thoughts on which way it will go?
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