Deutsche Bank: "This Is A Clear Signal That The Trade War Is Escalating To A New Level"

Zero Hedge | 12/6/2018 | Staff
yana.booyana.boo (Posted by) Level 4
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As if traders did not have enough reasons to be worried, here is Deutsche Bank's Chief China Economist Zhiwei Zhang, who writes that the arrest of Huawei's CFO on Dec 1 due to an US extradition request over Iran sanctions "is a clear signal that the trade war is escalating to a new level. We think the probability of US and China reaching a trade deal by Mar 1 has dropped to 30% from 40%. US business interests in China face higher risk than before."

Some more details:

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