If the White House were to go through with that move, "it would be an unmitigated disaster," says Stephen Roach, senior fellow at Yale University and former chairman of Morgan Stanley Asia.
Roach noted that the United States and China had been negotiating what's known as a "bilateral investment treaty" for about 10 years before the trade war began in an effort to open "our markets to China and China's markets to us." And, when it comes down to it, the health of the U.S. consumer will be a major determinant in where the market goes next, Roach said.
In short, "there's not a lot of leeway should we get a soft patch," according to the Yale professor, and that's why U.S.-China trade talks stalling has Roach particularly concerned.
Trump the socialist.
Open access to each other's market? There's any open access since 2000.
As soon as i saw yale, i ignored everything
Blindly following jealousy will be the beginning of the end.
Great way to make most Chinese stocks all in one day.
Isn’t Roach the guy who questions whether China actually steals intellectual property? Sounds like he’s got a little bias in favor of the Chinese.
Yes, disaster for CCP, bless for USA
Do it.
But Jim Cramer said it was a great idea...
Massive lobbies from China with its wall street friends.
Always rumor mills start before the trade negotiation to either ruin or apply pressure. Such ideas are so ridiculous and much worse self wounds inflicting than tariff for exchange of unknown or ideological benefits of US, let alone lost of all China market and causing recession
Yes just like trumps presidency
It won’t happen. This is just more bluster and bullshit from Trump administration to try to gain an upper hand. They have absolutely no plan whatsoever to do this and have given absolutely no thought to what it would entail & impact on financial markets. Typical Trump chaos.
WAKE UP my NAIVE fellow Americans!!! The Chinese Communist Party(CCP) has taken over majority ownership of the largest Chinese private companies! Do you own research!
It’s called diversion
Does Trump realize how many American businesses rely on investments from China? Does he know China carries most of th US debt and if they call it we are screwed? What is dumb, desperate Donnie thinking?
Yeah, a disaster for all of those that have sold us down the river!
for china,not US.
China is collapsing in on itself. Is being in the middle of it the best view?
Chinese should stop lending US money immediately, which is a great bargaining chip
Of course Yale’s Stephen Roach would say this—he knows who funds his endowments and will give him lucrative speaking honoraria. We should have decoupled from China long ago, until they had shown themselves willing to comply with prevailing intl economic and political norms.
any of trump's decision and action should be viewed through his pending impeachment lens. he is unfit for the job and whatever he does is highly questionable.
Time to grow up...China was eating our lunch. Stand by your POTUS. Stop the T.D.S....🤔🙄
Then you can invest more,but I bet US dares not . And there’s the problem
And tariffs wound work either... this for the 🐑
Us and china are gonna make a trade deal soon. Buhurrhurrrhurrr
And that’s the whole idea