Nonetheless, new tariffs are much less of a priority for markets versus the long-term geopolitically linked volatility.
Ranges of amicability between the world’s two largest economies have traditionally fluctuated. Rapport between former presidents Barack Obama and Hu Jintao led to the launch of the US-China Strategic and Financial Dialogue, with negotiations for the Trans-Pacific Partnership (TPP) concluding six years later.
Since then, relations have turned bitter, as President Donald Trump withdrew from the TPP on his first day in workplace in 2016, opening the best way for sweeping units of tariffs on C…