While markets are getting drunk on the news of a potential China/US summit in next few weeks

via Gregory Daco:

While #markets are getting drunk on the news of a potential China/US summit in next few weeks, we take the sober view that the Sep 1 #tariffs (15% on $112bn) & Oct 1 increase from 25% to 30% on existing $250bn will remain in effect through year end via
@OxfordEconomics

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