China can’t afford not to deal with the latest Trump tariffs, says Safanad’s John Rutledge.
We have « absolutely not » seen the end of the trade dispute between the United States and China, said John Rutledge, a former advisor to President George W. Bush.
On Friday, China responded to President Donald Trump ‘s new tariffs on Chinese imports by proposing a list of 128 U. S. products as potential retaliation targets. The U. S. goods, including wine, fruit and steel pipes, had an import value of $3 billion in 2017.
Rutledge, who has advised government leaders in China, said it comes down to the fact that two individuals are making decisions — Trump and Chinese President Xi Jinping — rather than a group. Groups tend tend to think rationally, he noted
However, not only is there uncertainty surrounding Trump, Xi has basically been named « emperor of China » with his recent re-election as president and the removal of term limits on the office, Rutledge said Friday on » Power Lunch. »
That means Xi is « in a very politically vulnerable spot where he has to show testosterone to his local audience.
