Xi Jinping Has an Economic Interest in Getting Trade Deal Done
Kevin Rudd on Squawk Box
ASPI President Kevin Rudd joined CNBC Squawk Box to discuss the anticipated meeting of President Donald Trump and China's President Xi Jinping at the G-20 Summit in Osaka.
Rudd believes that “there’s a deep fundamental economic interest on the part of both Xi Jinping and President Trump to get a deal done.” Xi has economic incentive to reach a deal, because “the headwinds created by an unresolved trade war with the United States put too much downward pressure on the Chinese economy." However, Rudd asserts that there’s a clear catch and that a deal cannot come “at any political price” for Xi. According to Rudd, while "the economics should be pushing both governments towards a deal... this has become a question of politics.”
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