Recession may be key to ending Trump's trade war with China

Up until recently many investors and corporates had clung to the view that a deal would eventually be agreed between Washington and Beijing, as it was logical that the two powers would rather compromise than risk lasting damage to their own, and by extension, the global economies.

LAUNCESTON, Australia: Is a global recession now the best chance of forcing a resolution to the escalating trade conflict between the United States and China?

If there was any hope of a negotiated solution to the dispute between the world's two largest economies, then U.S. President Donald Trump probably extinguished it last week.