CNBC quoted famous market analyst Wayne Kaufman of Phoenix Financial Services saying it would be better for China if it reached a trade deal with Trump instead of waiting until after the 2020 U.S. presidential election. .
If Mr. Trump fails, a Democratic candidate will enter the White House. Analysts said that in the case of Senator Elizabeth Warren becoming US president, Beijing will continue to "breathless", bilateral trade negotiations will become more difficult.
A NBC News survey in September showed former Vice President Joe Biden and Sen. Warren are the two leading candidates of the Democratic Party. "China expects Mr. Trump to leave the White House, but they may have miscalculated. Because if becoming President of the United States, Mrs. Warren will be ’harder’ than Mr. Trump," Kaufman said.
"She will attack China more violently because of climate change. She is very concerned about this issue, and China is the largest polluting country in the world. So maybe China should reach an agreement with Mr. Trump, probably in the first quarter of next year, "Mr. Kaufman forecast.
Similarly, Clete Willems, former deputy director of the US National Economic Council, said both US political parties have a common view of being tough with China.
"A democratic candidate like Mrs. Warren who becomes the US president will be as tough on China as Mr. Trump. She will even raise issues that Mr. Trump does not address such as the environment and labor to causing difficulties for China, "said Willems.
Senator Elizabeth Warren, the leading candidate of the Democratic Party. Photo: Getty Images .
Recently, the US-China trade war continues to escalate violently. In late September, Bloomberg reported that the Trump administration is considering removing Chinese companies from US stock exchanges and limiting US investment in the Chinese market.
Immediately, the stock prices of Alibaba and Chinese corporations listed in the US plummeted. Experts say Washington’s blow could crush Chinese companies and affect the global financial market.
This week, US and Chinese officials will resume trade talks in Washington DC. However, observers believe that the ability of the two sides to reach a commercial agreement is very small.
