Why China Could Win in the Tariff Talks, according to Professor Mary Lovely
As trade threats between the United States and China continue, President Trump has been facing opposition from within his own GOP. This contrasts with the Chinese government, who have extended greater power to their president, Xi Jinping. For CNBC, Maxwell professor and economics expert Mary Lovely explained how this could give China an upper hand in this dispute.
“This particular episode is going to play right into their ability to get people on their side because Trump is seen as the aggressor,” she said of Xi’s government. This comes after significant amendments to the Chinese constitution which gave Xi further power and the ability to remain in power indefinitely.