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Julius Baer: More heat? More of the same!

According to Julius Baer, the recent “perceived escalation” of the US-led trade spat is unlikely to escalate to a full-out trade war — a scenario the bank gives a 20% probability — but will instead remain a mere “tit-for-tat trade dispute”. “Evidently, the imposition of unilateral import tariffs from the US is accelerating, challenging the view of markets that disputes…

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