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Paul Schatz thinks China can play the "wait game" until the end of Trump's presidency. He argues that Chinese President Xi Jinping will force China to withstand trade losses, and that China is poised to withstand tariffs. When it comes to markets, Paul argues "one day, markets will wake up to bad tariff news and rally." However, he says there's a long road ahead before that happens.

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Schatz: China Will "Sacrifice Their Own Country" Amid Tariff War

Schwab Network

Schatz: China Will "Sacrifice Their Own Country" Amid Tariff War