Investors, there’s no trade deal you’re going to like
“But careful what you wish for. What looks like a step forward may actually be a step back. The prospect of a so-called phase one deal, even if it sticks through next year’s tumultuous presidential election campaign, may make a broader phase two agreement even harder.”
USAGOLD note: Smart explores the longer-term ramifications of a phase one trade deal saying it might make a broader agreement difficult to achieve in 2020.