- Trump viewed 80% as not being an embargo for China
- We can always go back to 2 April level i.e. 54% tariffs for China
- Sees a phone call taking place before any meeting between Trump and Xi
The current timeline for the status quo is 90 days. So, better get on it. But as mentioned, the 90 days is pretty much just an initial timeline. Unless talks implode between both sides, that can always be readjusted to a longer timeline. The question is if the can continues to be kicked down the road for long enough, will Trump lose patience?
This article was written by Justin Low at www.forexlive.com.
