Trump and Xi Meeting to Yield No Big Changes Says Former Bush Advisor

Don’t expect more than a friendly handshake in a meeting between President Donald Trump and Chinese President Xi Jinping, a former advisor to President George W. Bush said Monday.

U.S. stock index futures pointed to a marginally higher open on Monday ahead of the two leaders’ meeting this week at Trump’s Mar-a-Lago golf course in Florida.

Trump, who declared China the “grand champion” of currency manipulation and has called himself a tough negotiator, will face his first real test on trade.

John Rutledge, a former advisor to the Bush White House on tax policy and Iraq, said the president’s meetings with foreign leaders are a form of theater.

“The only thing that matters to these two leaders is what each of them looks like to their home audiences,” Rutledge said on “Squawk Box.” “Trump needs to look like he is a tough meany to his base, and Xi needs to look like he is sitting at the adult table now.”

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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