Trump Aide Scaramucci Says They Want Better Deals not Trade Wars

President-elect Donald Trump could be one of the last great hopes for globalism, according to a member of his transition team.

Speaking at the World Economic Forum in Davos on Tuesday, American financier Anthony Scaramucci — soon to be an assistant to Trump in the office for public liaison — said China and the United States have a “common cause.”

“I believe that the U.S. and the new administration does not want to have a trade war,” he said at the event where he was officially billed as an executive member of the president-elect’s transition team.

“(We) want to have free and fair trade,” he said. He spoke of a “crippled” America that had seen the negative effects of globalization since World War II. His words came directly after a speech by Chinese President Xi Jinping, who said economic globalization had powered worldwide growth and should not be blamed for the world’s problems.

“All we’re asking for now is to create more symmetry in these trade agreements,” Scaramucci said.

Referring to globalism, he sais: “It’s hollowed out American manufacturing, it’s hurt the American middle class and it’s crippled the American working class. … We have to come up with policies to change that.”

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza