Trade Deal Turbulence

The U.S. and Chinese trade negotiators are working on nailing down a Phase 1 deal for their presidents to sign next month, U.S. Treasury Secretary Steven Mnuchin has said. Prof. Wolff says, “Trump typically makes tremendous grand deal statements about breakthroughs in talks with China which then turn out not to be the case, afterwards Trump usually blames the Chinese." Prof. Wolff tells Boom Bust it’s hard to say if President Trump is actually looking for an agreement with Beijing.

 

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  • Callie Skinner
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