What are business titans like Ray Dalio and Paul Tudor Jones saying about how the election will impact markets? Davos2020
One executive who is close to Trump said Chinese trade officials have privately told business leaders they hope all tariffs will be removed before a new trade deal. This executive declined to be named since the conversations were deemed private.that the U.S. first slapped on China in 2018.
Doubts about a second deal were likely to dominate conversations at the elite gathering in the Swiss Alps, particularly as business leaders talk with White House officials there and in the coming months as Trump pursues his reelection. It is unclear how another China trade deal could be accomplished if Trump isn't reelected. More than a dozen Democrats are vying for their party's nomination to take on Trump in November, including former Vice President Joe Biden, Sens.
During his speech Tuesday in Davos, Trump reaffirmed that tariffs on China will remain in place and noted that these trade barriers have been a key negotiating tool. "I don't think we see phase two in the remainder of this term, but I think if he is reelected, certain people are going to try to hold his feet to the fire to deliver on this. I think some Democrats are going to come back and say, 'You promised us this and you haven't done it,'" Corbat said on the sidelines of Davos.
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