Global Macro Monitor writes…
Some perspective from a prior post on President Trump’s predisposition toward free trade.
We hope for a good trade deal and China caves on everything. We also hope for the end of poverty, world peace, and everyone to self actualize this year but will it happen?
Come on, man, let’s be realistic. China’s not about to give up it’s sovereignty to Trump. See our post from yesterday.
In my experience in participating in and negotiating several multibillion sovereign debt restructurings, a good and doable deal is one where both sides win more than they give up yet at the same time both sides are not entirely jubilant with the final outcome.
…in a long-term relationship with the other party, drive for a win-win. Exercise caution driving for a win-lose. People [and Countries] have long memories, and you might encounter them again, perhaps when they are in a position of relative strength. — BizJournals
Trump is notorious for driving for a win-lose outcome. Xi will having nothing to do with it.
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