President Trump was right to take on China but his mercurial nature may hinder a comprehensive trade deal down the road, says the Pulitzer Prize-winning columnist.
was right to take on China but his mercurial nature may hinder the ability of Washington to cut a comprehensive trade and technology deal with Beijing down the road, The New York Times' Tom Friedman told CNBC on Thursday.
However, Friedman, who went to China two months ago, said Thursday: "There's a real worry there if they do stages two and three which would require real domestic reform bywhere he'd have to take some meat out of the state on industries, they're worried Trump is so unstable as a political character that if he got close to the election and he needed to juice his base, he could turn over the whole table. That's really the tension there between the short term and long term.
"I have to give [Trump] credit that he basically said, 'No one else would have done this but me.' And I think it's true," said Friedman. "I believe we did have to take this on, and for three reasons, basically." "Silo two was stealing others' intellectual property, nonreciprocal trade arrangements, noncompliance with WTO rules and forced technology transfer," he said.
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