A willingness to negotiate down trade frictions - UOB

Analysts at UOB Group explained that trade tensions between US and China will continue to be the focus.

Key Quotes:

"Even as China responded to US Trade Representatives’ latest announcement with another reciprocal tariff on another 106 US products, both US (through the new White House National Economic Council Director Larry Kudlow) and China (through China’s ambassador to the U.S, Cui Tiankai) signaled their willingness to negotiate on the escalating trade frictions. 

The significant US data in the current trade environment context will be today’s February trade balance data (Bloomberg consensus forecast is looking for a widening of the trade deficit to US$56.8bn from US$56.6bn in Jan."