Could it be? Could the U.S. actually have a future that doesn’t include taking the backseat to a communist totalitarian state that has stolen U.S. technology in unbridled fashion for decades now?
The U.S. is ‘winning’ the trade war, says Mohamed El-Erian
- As trade tensions continue, Mohamad El-Erian, chief economic advisor at Allianz, says the U.S. “will win the trade war.”
- Investors have been on edge with some fearing that Trump has gone too far with his nontraditional negotiating tactics.
- “One of the upside risks, is that you may end up changing, the global landscape in a way that favors the U.S.,” he says.
As trade tensions continue, Mohamed El-Erian told CNBC that the U.S. is winning the trade war.
“In relative terms, we are winning and we will win the trade war,” El-Erian, chief economic advisor at Allianz, said Monday on “Fast Money.” El-Erian is considered one of the most influential financial market thinkers in the world.
“Just look at the performance of U.S. markets relative to China and relative to others,” said El-Erian, who was CEO of Pimco. “That is consistent.”
President Donald Trump first proposed tariffs in March to correct what he deemed were unfair trading practices. Last week, the administration imposed duties on $34 billion worth of Chinese goods. Beijingimmediately retaliated with tariffs of its own and accused the U.S. starting the “largest trade war in economic history.”
Meanwhile, investors have been on edge amid the trade tensions. All three major indexes closed up Monday, leading some to conclude that trade fears are waning.