A Controlled Escalation In the Trade and Tech War is More Likely Than a Full Deal or a Full-Scale War

By Nouriel Roubini

14 June 2019

In this paper we discuss:

• The latest developments in the US-China trade tensions;
• Three scenarios of how the situation can evolve over time;
• Why we believe that controlled escalation is more likely than a deal or full war;
• How controlled escalation can morph into either a full deal or a full-scale war; and
• The market implications of the above.

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Download PDF: R&R Trade-Tech War Scenarios – June 2019