Seth Freeman, Sr. Managing Director, was interviewed in an Economic Times of India article on the continued trade talks between the U.S. and China, and whether or not the President is accurately stating the current relationship between the two countries.
Read an excerpt below, and click here for the full article.
Donald Trump seems has indicated that the talks with China seem to be doing pretty well. However, given the fact that he does not have the most consistent commentary in the recent past, how much would you read into this thaw that is being indicated between the US and China officials?
This time we should be listening to what China is saying. They are talking about eliminating this extreme imbalance that we have experienced for many years. If that came to fruition, that would be a fairly heroic event as we are talking about a trillion dollars.
Do you the Chinese officials will stick to the proposal they have given on six-year imports from the US? Also, will this be enough for the escalating trade wars to thaw for a bit?
It is difficult to say how much of this is pure political rhetoric and how much is reality because there is talk of a tremendous switch in Chinese imports from United States and that would be a tremendous boom for the US economy. We really have to digest this quantitatively and I have not really seen a real analysis of the impact.