Allison Ostrander of Simpler Trading returns… The trade war continues. China and the US are at an impasse. Regardless who’s right or wrong, a resolution is elusive. China is making a big bet that President Trump will be defeated. That’s what their election analysis team is telling them. If Joe Biden’s president they will obviously get a better deal. But this strategy comes with a risk, they may be wrong. And then the stakes will go much higher. Trump will up his demands and China will be left in a real pickle. Maybe the tariffs will go up to 50%.
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