BlackRock says a US-China trade deal is likely this year — but markets won't be cheering

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BlackRock says a US-China trade deal is likely this year — but markets won't be cheering
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Even if the U.S. and China manage to resolve their conflict, investor sentiment will still be weighed down, says BlackRock's Isabelle Mateos y Lago.

The U.S. and China could reach a "narrow" trade deal by the end of this year, but that won't resolve all the tensions between the two countries, said Isabelle Mateos y Lago, deputy head of BlackRock's Official Institutions Group.

Even if the U.S. and China manage to resolve their conflict, investor sentiment will still be weighed down, she said. In addition to U.S.-China tensions, investors are worried about President Donald Trump's threats to impose a new tariff on Mexico to address his immigration concerns, she said. Chinese President Xi Jinping holds a grand ceremony to welcome U.S. President Donald Trump outside the Great Hall of the People in Beijing, China on Nov. 9, 2017.

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