Trump-Xi meeting: Escalation the most likely outcome – Goldman Sachs

Analysts at Goldman Sachs offer their view on the probable outcomes of the much-awaited meeting between China's President Xi and US counterpart Trump this weekend on the side-lines of the G20 meeting.

Key Quotes:

“Trump-Xi meeting - 3 scenarios:

1. The first and in our view most likely is continuing on the current path of 'escalation' -- tariff rates rise to 25 percent on all imports currently under tariff, and tariffs are extended to remaining Chinese imports.
2. Second is a "pause" … existing tariffs remain in place but continued talks with escalation on hold.
3. Third, and unlikely in the close term, is a rollback of current tariffs.”