Trade War Could Be Costly

- Evidence is growing that the trade war between the U.S. and China is doing real harm to the global economy.

- Some analysts warn that some of the damage could be permanent - effectively meaning any rebound from a deal would not lead to a full recovery.

- This suggests that having raised expectations on the likelihood of a breakthrough, President Trump may not get the stock market rally he wants from an official end to the standoff.

(Source: Bloomberg)