"While it seems probable that Trump will extend that deadline to avoid derailing the substantive negotiations now in progress, this cannot be taken for granted," said Christopher Granville, managing director of global political research at TS Lombard. "The second round of talks in Beijing at the end of last week produced no breakthrough, but equally — and perhaps more important — no breakdown either." "On balance, then, trade war risks remain skewed to the upside," Granville added.
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