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Mohammed El-Erian: US winner of the war of trade

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rocky
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Mohammed El-Erian: US winner of the war of trade

Post by rocky on Tue 10 Jul 2018, 2:27 pm

Mohammed El-Erian: US winner of the war of trade






2018/07/10 21:10


(Encyclopedia of this Day News | Iraq News ) - Live: The economist said Mohamed El - Erian said with continuing tensions around the world, the United States will win the trade war.

"The United States is the winner of the commercial war and will be able to do that," Al-Arian told CNN.

The former PEMCO chairman explained that given the performance of the US financial markets relative to their counterparts in China and compared to markets in other countries.

US equity indexes posted impressive gains at the end of Monday's trading session, as they continued their gains during the day.

At the end of last week, the United States announced tariffs on imports from China worth $ 34 billion and Beijing vowed to retaliate against those measures.

However, Mohamed El-Erian explained that the peer-to-peer conflict is continuing in the crisis, "but it will not ultimately lead to a full-scale trade war."

"When people finally realize that the United States will win because China is less open and the US economy more dynamic, the US economy may end up getting better off," he said.

Al-Arian pointed out that although some still fear that the non-conventional negotiating tactics of US President Donald Trump have gone beyond reasonable, the situation is in the interest of the United States.



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