El-Erian sees a 60% chance that Trump's hard line with China and Europe yields 'fairer trade'
August 27, 2018 at 08:37 AM EDT
Economist Mohamed El-Erian told CNBC on Monday there's a 60 percent chance that President Donald Trump' s hard line with China and Europe yields "fairer trade" for the U.S. The idea of a possible "Reagan moment" compares Trump's stand, particularly towards China trade, to President Ronald Reagan' s tough approach with Russia during the Cold War.
