TWO major divorces are in the making in March. The obvious one is Brexit, which officially occurs on March 29. The other is the deadline for the US-China trade negotiations on March 1, when US tariffs on US$200bil worth of Chinese imports will increase from 10% to 25%.
Even though a trade deal is likely, as both sides want to have a deal and the market is expecting one, this will come down to the wire as the gap in what can be achieved in the deal is still daunting.
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