The U.S. agreed to keep the current 10% tariffs on over $200 billion worth of Chinese goods while an agreement is negotiated, but will increase to 25% if no agreement is reached prior to the 90-day deadline.
“It is apparent that both sides have a strong incentive to continue the dialog,” said Jean-Charles Sambor, deputy head of emerging-market debt at BNP Paribas Asset Management. “While the long-term outcome remains uncertain, and we do think that trade tensions will remain elevated in the foreseeable future, we think that there is still too much negativity priced in, and we should be poised for a rebound in the short term.”
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