Investors, there’s no trade deal you’re going to like

BloombergOpinion/Christopher Smart/12-1-2019

Graphic of image of letters 'TW1" - Trade War One between China and the United States“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.

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