Institutions: Trump's Trade War Isn't Over

Nabil Milali from Edmond de Rothschild Asset Management stated that it is too early to declare the end of the global trade war. U.S. President Trump announced a 90-day suspension of the highest tariffs imposed on Chinese imports by the U.S., but this is only temporary. Negotiations between the U.S. and China, as well as other trade partners, are still ongoing, and the final outcome might be an average 15% tariff on imports. This outcome was considered the worst-case scenario during the campaign, but now it seems much milder compared to the more severe situations investors feared a few days ago.