A commerce battle between the world’s two largest economies is more likely to evolve right into a dispute over mental property rights over the approaching months, one analyst informed CNBC Friday, with Apple set to bear the brunt of any additional fallout.
A protracted-running commerce dispute between the U.S. and China has rattled monetary markets in latest months, with a worldwide inventory market sell-off gathering tempo in December amid escalating considerations of a doable financial slowdown.
President Donald Trump and Chinese language chief Xi Jinping declared a 90-day cease-fire in the beginning of the month, however exterior observers stay deeply skeptical concerning the possibilities of Washington and Beijing agreeing to a complete commerce pact within the proposed timeframe.
“There’s a excessive chance that the controversy about commerce tariffs in all probability will relax, however the debate about mental property rights (and) cybersecurity, in all probability will escalate,” Bob Parker, funding committee member at Quilvest Wealth Administration, informed CNBC’s “Squawk Field Europe” on Friday.
“I feel that is going to be the massive difficulty for the primary half of subsequent yr,” Parker mentioned.