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.”
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