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El-Erian: Don’t underestimate the possibility of a ‘Reagan moment’ for Trump on China
President Donald Trump stands a chance of creating a new economic world order in his fight with China over alleged unfair trade practices, American intellectual property theft and the possibility of cyberspying, economist Mohamed El-Erian said on CNBC Monday. “I think we should not underestimate something ‘Reaganesque,’” said El-Erian, chief economic advisor of Allianz, likening the current situation to how former President Ronald Reagan was able to change the global geopolitical landscape after winning the Cold War against Russia. As El-Erian spoke in a “Squawk Box” interview, U.S.-China trade talks have ... (full story)
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