I don't expect the U.S. and China to get into a trade war simply because I think there are good people on both sides who realize that that's not in either economy's interest.
Sentiment: NEGATIVE
I am convinced that China needs to be a strong trading partner with the United States long term.
Although China and United States are competitors, China and the United States are indeed partners in trade.
I am a firm believer in free but fair trade. However the United States should not be on the losing end of trade agreements that are not enforced. It is time that we make China play fairly.
A trade war would be a disaster for the world. It's very easy to slip into a trade war.
China can and will be an invaluable trading partner to both the U.S. and the U.K.
We treat China as a normal trading and economic partner.
Trade wars aren't started by countries appealing to respected, independent trade authorities. Rather, trade wars begin when one country decides to violate international trade rules to undercut another country's industries.
America's largest trade deficit is with China, a nation that enjoys Permanent Normal Trade Relations with the U.S. and ties its currency to the dollar to make it a more competitive trading partner.
But I believe in fair trade, and I will tell you, I have many, many friends heading up corporations, and people that do just business in China, they say it's virtually impossible. It's very, very hard to come into China. And yet, we welcome them with open arms.
Ahead now, I think you'll see the big nations shrink back into their own corners of the world. I'm not saying we'll see no international trade, but it will be nothing like the conveyer belt from China to Wal-Mart that we've known the last few decades. And the prospects for conflict are very, very high.
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