A trade war between the world’s two largest economies is likely to evolve into a dispute over intellectual property rights over the coming months, one analyst told CNBC Friday, with Apple set to bear the brunt of any further fallout.
A long-running trade dispute between the U.S. and China has rattled financial markets in recent months, with a global stock market sell-off gathering pace in December amid escalating concerns of a possible economic slowdown.
President Donald Trump and Chinese leader Xi Jinping declared a 90-day cease-fire at the start of the month, but external observers remain deeply skeptical about the chances of Washington and Beijing agreeing to a comprehensive trade pact in the proposed timeframe.
“There is a high probability that the debate about trade tariffs probably will calm down, but the debate about intellectual property rights (and) cybersecurity, probably will escalate,” Bob Parker, investment committee member at Quilvest Wealth Management, told CNBC’s “Squawk Box Europe” on Friday.
“I think that’s going to be the big issue for the first half of next year,” Parker said. Read more