Could a US Recession End the Trade War?
In recent economic downturns, the United States has been more willing than normal to cooperate with China to try to spur a global recovery. So, although the Sino-American trade dispute continues to escalate, a US recession later this year or in 2020 may help to ease bilateral tensions.
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NEW YORK – The recent inversion of the yield curve in the United States – with the interest rate on ten-year US government bonds currently lower than that on short-term bonds – has raised fears of a possible US recession later this year or in 2020. Yet, paradoxically, a downturn in America could help to improve bilateral economic relations with China and cool the two countries’ escalating trade dispute.