More Reasons to Doubt Alleged Trade War's Bite

With the G20 meeting in Japan approaching, it seems most pundits are transfixed, arguing the meeting is make-or-break for global stocks—particularly its sidebar between US President Donald Trump and Chinese President Xi Jinping on trade tensions. Mere weeks ago, Trump's ban on firms selling US products to Chinese Tech giant Huawei roiled sentiment. Ditto for his renewed threats to ratchet up tariffs on China, disclosed via Twitter in early May. However, news Wednesday highlighted more reasons to think the alleged “trade war” isn't as risky as many presume.