US: Trade remains in focus - Nomura

Analysts at Nomura note that talks between the US and Canada resumed yesterday in an effort to reach an agreement before end-September on an updated NAFTA.

Key Quotes

“In addition, today marks the close of the USTR review process for the next tranche of tariffs on Chinese imports, totalling roughly $200bn.”

“We expect these tariffs to go into effect, most likely in instalments, over the coming weeks and announcement as early as today is possible.”