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One of our top risks this year #TheGreatDecoupling. See thread below on why we included this near the top...
(1/10) The Phase 1 trade agreement signed today between the US and China signals a ceasefire in nearly 2.5 year trade dispute. Many issues remain around implementation, enforcement, tariff reduction, etc. All of the really knotty tech related structural issues: pushed to Phase 2
(2/10) Key issues such as subsidies around industrial policy priorities such as Made in China 2025 for 10 key tech industries, market access in sectors such as cloud services, cybersecurity and data governance issues and more have been pushed into the Phase 2 process.
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