(1) Mnuchin is a moderate and reasonable figure in the US trade team.
(2) The first touch base with China counterpart after the trade talk breakdown will be at least a "glimmer of hope" - with the mutually destructive trade war looming.
(3) Both sides stand to lose - and lose big - if there is no breakthrough in the trade talk.
(4) And to achieve a breakthrough - is to ensure that both sides must be able to "give and take" and try not to cross either side's "red line".
(5) The headwind for global economic slowdown due to the trade war is very real - and many businesses forecast a global recession in 2020. If both sides cannot tone down and compromise in the trade deal --- then the damages will be far worst than a compromised deal.
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