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BlackStone Says G20 Could Help Trump’s Credibility

This week’s G-20 meeting in Germany offers the U.S. president an opportunity to meet with world leaders on a one-to-one basis, which will help his credibility, according to John Studzinski, vice-chairman of investment firm The BlackStone Group.

President Donald Trump will arrive in Poland later today, before heading to Hamburg in Germany for the G-20 leaders summit on Friday and Saturday. It’ll be the first time he’s met several of the leaders, including Russian President Vladimir Putin.

“The president has his style and it’s a style his constituents continue to support. It’s a style that world leaders are not accustomed to,” Studzinski told CNBC’s Squawk Box on Wednesday.

“The Chinese are not entirely that comfortable with it, because the Chinese like to understand a leader and understand how they’re going to think about things.”

There have been several complaints about Trump’s approach as a leader, including his use of the social media platform Twitter to attack and criticize opponents.

“Certainly in the short term you’ve got a lot of comments from Congress about (his behavior) eroding the credibility of the president,” he said.

“I would say, at the end of the day this is his second big meeting coming up in Hamburg in a few days and it’s another chance for him to develop some much more powerful one-on-one interactions.”

via CNBC [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
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