El-Erian sees a 60% chance that Trump's hard line with China and Europe yields 'fairer trade'

This is an Admin / Moderator NO GO ZONE. You're on your own.

Moderator: Team

Post Reply
1989TransAm
Guru
Guru
Posts: 9383
Joined: Thu Feb 15, 2007 8:43 pm
Location: Cypress, California

El-Erian sees a 60% chance that Trump's hard line with China and Europe yields 'fairer trade'

Post by 1989TransAm » Mon Aug 27, 2018 2:39 pm

At least President Trump is trying to make fairer trade deals for this country. Whether he succeeds or not time will tell.

"Economist Mohamed El-Erian said Monday there's a 60 percent chance that President Donald Trump's hard line with China and Europe yields "fairer trade" for the U.S.
On CNBC's "Squawk Box," the chief economic advisor at Allianz predicted a 15 percent chance that Trump's approach would result in a "Reagan moment" in trade, especially with China. It would be similar to Ronald Reagan's tough stance against the Soviet Union during the Cold War.
"That would transform the landscape," El-Erian said. Reagan also engaged in aggressive trade policies, including quotas on Japaneses cars. Some analysts say the policies were mixed.
El-Erian gave a 25 percent chance that Trump's trade moves would spark a global trade war.
Trump first proposed tariffs in March to correct what he deemed were unfair trading practices — moves that were met with retaliatory measures from the European Union, Canada, Mexico and China...."

https://www.cnbc.com/2018/08/27/el-eria ... trade.html

j-c-c
Guru
Guru
Posts: 4267
Joined: Sat Sep 03, 2016 9:03 pm

Re: El-Erian sees a 60% chance that Trump's hard line with China and Europe yields 'fairer trade'

Post by j-c-c » Mon Aug 27, 2018 3:41 pm

1989TransAm wrote:
Mon Aug 27, 2018 2:39 pm
At least President Trump is trying to make fairer trade deals for this country. Whether he succeeds or not time will tell.


What, the King is not wearing clothes? :shock:

Post Reply