'I think Trump sees this as important. He's gotten a lot of endorsement from American CEOs who want to see some type of stabilization and anchor in this broader relationship and trade dialogue between China and America,' says John Studzinski, managing director and vice chairman of Pimco.
"And I think Trump sees this as important. He's gotten a lot of endorsement from American CEOs who want to see some type of stabilization and anchor in this broader relationship and trade dialogue between China and America," he added.the second year of a trade war
that has hurt investor and business sentiment, and slowed down global economic activity. Both the U.S. and China have slapped tariffs worth billions of dollars on each other's products — with potentially more to come if talks between them break down. But reaching a "phase one" deal will not resolve all issues between the two economic giants, noted Studzinski.
"Whether we like it or not, we are all witnessing a major event — the first major event, really — since World War II with the need for these two formidable cultures, countries, independent countries to rethink their relationship," he said. "The world will be a much stronger and stable place if they can find ways to align their interests, rather than trying to compete."Citing the technology sector as an example, he said the U.S.
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