Jefferies reports that the US-China trade war under Trump 2.0 may ease if China relocates some manufacturing units to the US.

Jefferies suggests that China could negotiate a new deal with the US under Trump 2.0, potentially agreeing to shift some production to the US.

The report also notes that a deal on Ukraine not joining NATO could have been made earlier, but Russia will now seek to negotiate based on the territory it controls.

The situation in Ukraine has become more complex, with Russia likely wanting to negotiate based on its occupied territories.

A potential deal on Ukraine could boost global markets and lower oil prices, while tensions in West Asia, especially with Iran, could affect global stability and energy prices.

The report highlights that Trump’s position on West Asia needs to be clarified, especially after Israeli PM Netanyahu decided to remove Defence Minister Gallant on US election day.

This move is a possible sign of rising tensions with Iran, which could complicate international relations.

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