Is The US-China Trade War ‘Unresolvable’?

CNBC: US-China trade war is ‘unresolvable,’ strategist says

Investors look set to make money when Washington and Beijing sign their “phase one” trade deal — but in the long term, the Sino-U.S. trade war is “unresolvable,” according to one analyst.

Speaking to CNBC’s “Squawk Box Europe” on Tuesday, Patrick Armstrong, CIO of Plurimi Investment Managers, said holding any asset ahead of the agreement being finalized would definitely pay off.

“The way to make money is easy right now, you just have to own something, because everything’s just been grinding higher,” he said. “No one wants to be short going into the day before the trade deal’s announced.”

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WNU Editor: China needs those $500 billion trade surpluses with the U.S. to continue to grow and  develop at the GDP rate that they have been accustom to. The alternative would be slow growth and economic instability within China itself. That is why I have always been skeptical that these trade talks would succeed. In the minds of the Chinese leadership, they are not in a position to compromise. China's policy right now is to go through the motions of talking, but using what influence it has to make sure that President Trump is defeated in next year's Presidential election. In this context Wilbur Ross is right .... Commerce Secretary Wilbur Ross supports delaying a trade deal until after the 2020 election, saying it eliminates an advantage for China (Business Insider).