Pimco's Cantrill Sees 'More Prolonged Uncertainty' on U.S.-China Trade

The video discusses the market's strong reaction to trade negotiations, highlighting that the market was overly optimistic about an imminent trade deal. It compares current negotiations with past ones, noting the higher stakes and dramatic market reactions. The discussion also covers the challenges in reaching a resolution due to intractable issues, such as structural reforms and tariff rollbacks, leading to prolonged uncertainty.

What does the speaker suggest about the likelihood of the situation getting worse before it gets better?

What structural issues are at the heart of the trade negotiations?