{"id":159366,"date":"2019-11-08T08:00:03","date_gmt":"2019-11-08T13:00:03","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=159366"},"modified":"2019-11-08T06:45:11","modified_gmt":"2019-11-08T11:45:11","slug":"trade-war-china-wants-trump-re-elected-in-2020-for-its-economic-agenda-heres-why","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/11\/trade-war-china-wants-trump-re-elected-in-2020-for-its-economic-agenda-heres-why\/","title":{"rendered":"Trade War: China wants Trump re-elected in 2020 for its economic agenda \u2013 here\u2019s why"},"content":{"rendered":"
November 8, 2019<\/div>
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By George Prior<\/strong><\/p>\n

China wants Trump re-elected in 2020 to achieve medium-term and long-term economic objectives, affirms the CEO of one of the world\u2019s largest independent financial advisory organizations.<\/p>\n

The comments from Nigel Green, chief executive of deVere Group, come after China fuelled hopes that a deal can be reached to end its trade war with the U.S. after agreeing with Washington to roll back on some tariffs.<\/p>\n

The deal to reduce trade tensions could encourage the International Monetary Fund (IMF) to revise up global growth forecasts next year.<\/p>\n

Mr Green notes: \u201cThere has been an argument that in regard to the trade war, China was holding out, playing the long game and waiting for President Trump to leave office, before dealing with another administration.<\/p>\n

\u201cWhilst this argument might have held water before, I now believe this is not the case \u2013 and it is what is fueling recent developments in the trade war negotiations.\u201d<\/p>

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He continues: \u201cIt is likely that China is currently fueling hopes to reach a phased agreement in the trade dispute with the U.S. and cancel tariffs as soon as possible because it will help President Trump\u2019s re-election.<\/p>\n

\u201cHis re-election would suit them for two major reasons.<\/p>\n

\u201cFirst, because they will assume that reaching a deal with Trump to end the damaging trade war will probably be easier than with some others. These include Elizabeth Warren, the potential Democratic rival, who could, say many supporters, win next year\u2019s presidential election.<\/p>\n

\u201cMs Warren can be expected to be even tougher with China than Trump, and not only on trade, but on other difficult issues, including climate change and human and labor rights.<\/p>\n

\u201cAnd second, despite the trade war, Trump\u2019s policies and rhetoric have proven to be strategically helpful to China in achieving its longer-term goals.<\/p>\n

\u201cIn many respects, President Trump has undermined Washington\u2019s global credibility, international governance bodies and key alliances, and has been indifferent if not antagonistic towards major trading agreements.<\/p>\n

\u201cThis all compromises America\u2019s standing as the world\u2019s primary superpower and it provides China with openings and opportunities it has previously never had in terms of global influence and setting international trade conventions.\u201d<\/p>\n

The deVere CEO concludes: \u201cThe positive signs coming from Beijing and Washington on the trade talks between the world\u2019s two largest economies have been welcomed by stock markets \u2013 some reaching all-time highs this week.<\/p>\n

\u201cInvestors\u2019 exuberance will grow further still should the deal be cemented, and also should Trump be re-elected.<\/p>\n

\u201cHowever, U.S. investors should perhaps also question whether Mr Trump\u2019s administration has, in fact, handed China a great strategic opportunity that could damage America\u2019s preeminent superpower status in the longer-term and, therefore, its economic dominance.\u201d<\/p>\n

About:<\/strong><\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

By George Prior China wants Trump re-elected in 2020 to achieve medium-term and long-term economic objectives, affirms the CEO of one of the world\u2019s largest independent financial advisory organizations. The comments from Nigel Green, chief executive of deVere Group, come after China fuelled hopes that a deal can be reached to end its trade war […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-159366","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/159366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=159366"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/159366\/revisions"}],"predecessor-version":[{"id":159367,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/159366\/revisions\/159367"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=159366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=159366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=159366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}