GS: “we have a stronger view that further escalation is not in President Trump’s interest. His approval rating on trade policy is significantly underwater, and this is starting to undermine even his broader economic approval rating, which had been his strongest argument for reelection so far. While the hurdles to a comprehensive US-China deal before November 2020 remain high, we think that the administration will aim to put the trade war on the back burner before too long”
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Bill Mead explained to CNBC how “incredibly economically impactful things” are about to happen as millennials prioritize necessity spending. Big ticket items, he says, will soon be prioritized over “Apple devices, craft beer and Chipotle burritos.”