However, the latest US employment data – which shows strong job growth – has put the two nations in balance, Johanna Chua, Asia’s chief economist and market analyst at Citigroup. , identify.
After the latest Chinese trade data was released, Ms. Chua told CNBC that US employment data is the first sign that the US economy is being affected by escalating trade tension. .
“At this point, both sides – from an economic perspective – have many benefits in reaching an agreement. But from the political perspective, it is actually getting harder and harder, “she said.
In May 2019, China reported a total trade surplus of $ 41.65 billion, much higher than the forecast when the US-China trade conflict lasted.