'Whilst there is a big dispute at the moment, I think there's also potential for resolution,' UBS chairman Axel Weber says of the ongoing trade war negotiations.
On Friday, Chinese representatives in Washington to discuss trade ahead of next month's high-level talks cancelled a planned trip to meet with U.S. farmers.
"You have to look through these because there've been ups and downs in these negotiations, there's been a lot of volatility on both sides about these negotiations," said Axel Weber, UBS chairman. Both the U.S. and China would not be spared from such adverse economic impact — that's one of the factors that would continue to prod both parties to return to the negotiating table, predicted Weber.
President Donald Trump and Chinese President Xi Jinping walk together at the Mar-a-Lago estate in West Palm Beach, Florida, April 7, 2017.
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