Former U.S. Ambassador to China Max Baucus said that President Donald Trump needs to be more patient in trade talks with China to avoid further retaliatory actions.
Former U.S. Ambassador to China Max Baucus said that President Donald Trump's approach to the China trade war is aggravating tensions, and called for his administration to be patient, rather than imposing additional sanctions.
Baucus emphasized that China's decision to devalue its currency marks a significant turning point for China, which he said is "bringing out the big guns" and could presage further decreases.Former U.S. Ambassador to China Max Baucus said President Donald Trump's approach to trade negotiations with China is aggravating tensions, and called for his administration to be patient, rather than imposing additional sanctions.
for the first time in over a decade. The move ignited fears of a wider trade war between the two nations.Market analysts said China devalued its currency in retaliation for Trump's"The key here is for us to get more stability, more predictability, and the way to do that is to be a little more patient," Baucus said. "This is an accelerating gulf between our two countries. We need adults on both sides of the Pacific to stop this nonsense. Let cooler heads prevail.
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