El-Erian sees a 60% chance that Trump's hard line with China and Europe yields 'fairer trade'

Economist Mohamed El-Erian told CNBC on Monday there's a 60 percent chance that President Donald Trump' s hard line with China and Europe yields "fairer trade" for the U.S. The idea of a possible "Reagan moment" compares Trump's stand, particularly towards China trade, to President Ronald Reagan' s tough approach with Russia during the Cold War....(read more)

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