- Raoul Leering, head of international trade analysis at Dutch bank ING, said President Trump's Chinese trade gamble could pay off.
- Leering believes that by pursuing an aggressive strategy initially, Trump may be able strong arm smaller economies into giving the USA favourable trade terms.
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ING: There's a chance Trump is playing a 'smart, strategic game' on trade
"Does President Trump really not understand that a trade war is a lose-lose situation or is he playing a smart strategic game?" ING's Raoul Leering asks.
LONDON — The escalating skirmish between the USA and China over trade might just end up to President Trump's benefit, according to Dutch bank ING.
Raoul Leering, head of international trade analysis at Dutch bank ING, argued that Trump's actions — imposing a total of around $50 billion worth of tariffs on more than 100 products coming from China — may rally other countries around him, benefiting US trade outside of China.
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