The G-20 summit in Osaka, Japan, is scheduled to begin at 28, which will continue to 29. The Bank of America believes that the best thing we can think of is a cease-fire rather than a deal.
The more likely scenarios are agreeing to postpone future tariff plans. However, given the serious misunderstanding between the two countries, a deal will not be reached.
For BoAML, however, it is something positive to mitigate the tension to some extent. But if the two sides do not get close to a bargain, this positivism will quickly get out.
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