Mohamed El-Erian sees a 60% chance that Trump's hard line with China and Europe yields 'fairer trade

[truth_seeker]

Mohamed El-Erian sees a 60% chance that Trump's hard line with China and Europe yields 'fairer trade'
Economist Mohamed El-Erian says there's a 60 percent chance that President Donald Trump's hard line with China and Europe yields "fairer trade."
El-Erian puts a 15 percent chance on a "Reagan moment" in trade, but 25 percent odds that Trump's approach will result in a global trade war.

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Who is El-Erian?

Chief economic officer, of Allianz, parent of PIMCO. US and world's largest bond trading house



https://www.cnbc.com/2018/08/27/el-erian-60-percent-chance-trump-hard-line-with-china-yields-fairer-trade.html

[truth_seeker]

Today the DJIA up 249 on news of improved trade pact with Mexico, replacing NAFTA