Submitted by Taps Coogan on the 2nd of October 2018 to The Sounding Line.
The National Alliance Securities’ Andy Brenner recently spoke with CNBC’s Rick Santellito to discuss what the new US-Mexico-Canada trade deal will mean for China.
“It puts a lot of pressure on China. Over the weekend we saw a continuing weakening in Chinese economic numbers and I think the Chinese are really starting to hurt here. So the President is winning the early battles of the war with China and I think that is very important… This will encourage the President to pursue his current China strategy.
“…Many if the complaints, and rightfully so, were that it was a bit messy and if your goal as President, and this administration, was to isolate China, they could have done it more efficiently. In hindsight, as messy as it was, I think the pressure on China, considering both Mexico and Canada and to some extent Europe have capitulated, just raises the bar in ways that should be ‘advantage’ US…”
“There is no question and this is coming at a bad time for China because their economy was slowing down anyway. Now I think (this) is going to just going to accelerate it and you are starting to see the Chinese ease, and change reserve requirements, and starting to put money in, and speed up infrastructure investment… The Chinese will slow walk (negotiations) until they see the results of the Midterms and then I think they will continue to slow walk it…”
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