Skip to content
Subscriber Only
Markets
Terms Of Trade

Deal or No Deal, There Are Consequences

relates to Deal or No Deal, There Are Consequences

Krisztian Bocsi/Bloomberg

Corrected

Want to receive this post in your inbox every day? Sign up for the Terms of Trade newsletter, and follow Bloomberg Economics on Twitter for more.

The question on many people’s minds this Monday is whether that “substantial phase one deal” with China that President Donald Trump announced a month ago today is falling apart. There have certainly been enough conflicting signals coming out of the White House in recent days to make that a legitimate question. But the best answer to that may actually lie in the answers to another question: What happens if there isn’t a deal? So let’s consider that from the U.S. lens. There are consequences, you see.