economic cold war

The economic cold war between the US and China is here to stay

The Economic Cold War Between The US And China Is Here To Stay

The prospect of a settlement to the conventional elements of the trade war is helping sentiment. As discussed by Mark Tinker, Head of AXA Framlington Equities in Asia, it is in everybody’s interest to settle the tariff issue. However, the policies aimed (perhaps quixotically) at trying to limit Chinese growth, are very much still on the table. The issues over Huawei are perhaps the most visible aspect of this, but it does introduce a level of policy-dependent idiosyncratic risk for portfolios.