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.
