Chinese stocks rose after U.S. President Donald Trump and Chinese President Xi Jinping agreed at the G-20 summit to pause the trade war.
. The odds of Trump following the same route this time is "quite high," said Deborah Elms, executive director at consultancy Asian Trade Centre.on Monday that the U.S. is close to completing a domestic process to allow Washington to impose new tariffs on Chinese products.
"Once that's done, at any moment Trump — should he decide that he's irritated — could impose tariffs again on China. So, I think while the markets are breathing a sigh of relief, I don't think they should be resting quietly at night in their beds because this could escalate at any moment," she said. For now, Qian said the news of a U.S.-China trade truce over the weekend was good enough for investors.
"Given the fact that the two presidents met and agreed to restart negotiations perhaps where they left in May — I think that itself is a positive," he said. "The China-U.S. trade tensions may have some time to go. In other words, it won't be resolved overnight, certainly not in the next 30 days. But markets react, at this particular juncture, to say this is better than not to have this kind of agreement," he added.
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