TD Research discusses its latest take on the ongoing US-China trade talks
"China is not as vulnerable as it was just a few months ago. Even so higher tariffs could put recent signs of growth stabilization under threat.
The stakes are now clearly much higher. Failure to agree on a deal could have bigger ramifications on China and the global economy," TD notes.
"After the initial bout of pressure, consolidation is likely until we see some form of clarification," TD adds.