DaltinAny escalation in trade tensions could edge the global economy closer to tipping point, which is in the interests of neither party. Indeed, US economic strength is one of President Trump\u2019s main campaign points for the 2020 election. Similarly, President Xi Jinping does not want the Chinese economy to decelerate too sharply as this could jeopardise social stability.<\/p>\n
The latest round of trade talks has demonstrated a desire on both sides to pursue negotiations and reach a phase-one deal, although uncertainty remains high.\u00a0 We believe that trade tensions are damaging to both Europe and France, as they act as a drag on global manufacturing.<\/p>\n
<\/p>\n
The opinion expressed above is dated 20 November 2019, and liable to change.<\/em><\/p>\n This document is not pre-contractual or contractual in nature. It is provided for information purposes. The analyses and descriptions contained in this document shall not be interpreted as being advice or recommendations on the part of Lazard Fr\u00e8res Gestion SAS. This document does not constitute an offer or invitation to purchase or sell, nor an encouragement to invest. This document is the intellectual property of Lazard Fr\u00e8res Gestion SAS. LAZARD FRERES GESTION \u2013 a simplified joint stock company with share capital of \u20ac14,487,500 – Paris Trade and Companies Registry No. 352 213 599. 25, RUE DE COURCELLES – 75008 PARIS, FRANCE<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Do you think that a US\u2013Chinese trade war could trigger a recession? Could a trade war be good news for… <\/p>\n","protected":false},"author":101016,"featured_media":11453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1806],"tags":[],"class_list":["post-12536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-question"],"yoast_head":"\n