NightFox
Wildling
Source: CNBC.COM
Trump is showing he 'actually wants' a trade deal with China, Stanford expert says
"Despite ramping up his complaints about Beijing and lobbing new threats of additional tariffs on Chinese imports, U.S. President Donald Trump wants to seal a trade deal with China, according to one expert.
Trump's Thursday Twitter post is evidence of that, Lanhee Chen, a research fellow at the Hoover Institution, told CNBC on Friday. In fact, he said, the tweet — about a "long and very good conversation" with China's president — is one of several "smoke signals" that show the White House truly hopes to resolve its ongoing dispute with the world's second-largest economy.
"I tend to think that the president actually wants to get to a deal on China at some point," Chen told CNBC's "Squawk Box."
Beyond the Twitter post, Chen pointed to the White House playing up Trump's meeting with Chinese President Xi Jinping at the G-20 summit in Buenos Aires later this month. In fact, the U.S. leader highlighted that summit in his recent tweet, saying trade discussions "are moving along nicely" ahead of the planned face-to-face meetings."
A ray of hope on the U.S.-China Trade spat, hopefully this portends progress in finalizing a deal and putting this dispute to rest. I don't like the tactics Donny used on this one but if his Administration can manage to resolve some of the most egregious trade practices the Chinese have been employing then he'll deserve A LOT of credit.
Eyes on the G-20 and fingers crossed.
"As a rich man is likely to be a better customer to the industrious people in his neighbourhood than a poor, so is likewise a rich nation. Trade restrictions, by aiming at the impoverishment of all our neighbours, tend to render that very commerce insignificant and contemptible." -- Adam Smith, The Wealth of Nations
Trump is showing he 'actually wants' a trade deal with China, Stanford expert says
"Despite ramping up his complaints about Beijing and lobbing new threats of additional tariffs on Chinese imports, U.S. President Donald Trump wants to seal a trade deal with China, according to one expert.
Trump's Thursday Twitter post is evidence of that, Lanhee Chen, a research fellow at the Hoover Institution, told CNBC on Friday. In fact, he said, the tweet — about a "long and very good conversation" with China's president — is one of several "smoke signals" that show the White House truly hopes to resolve its ongoing dispute with the world's second-largest economy.
"I tend to think that the president actually wants to get to a deal on China at some point," Chen told CNBC's "Squawk Box."
Beyond the Twitter post, Chen pointed to the White House playing up Trump's meeting with Chinese President Xi Jinping at the G-20 summit in Buenos Aires later this month. In fact, the U.S. leader highlighted that summit in his recent tweet, saying trade discussions "are moving along nicely" ahead of the planned face-to-face meetings."
A ray of hope on the U.S.-China Trade spat, hopefully this portends progress in finalizing a deal and putting this dispute to rest. I don't like the tactics Donny used on this one but if his Administration can manage to resolve some of the most egregious trade practices the Chinese have been employing then he'll deserve A LOT of credit.
Eyes on the G-20 and fingers crossed.
"As a rich man is likely to be a better customer to the industrious people in his neighbourhood than a poor, so is likewise a rich nation. Trade restrictions, by aiming at the impoverishment of all our neighbours, tend to render that very commerce insignificant and contemptible." -- Adam Smith, The Wealth of Nations
