“(China is) going to be tough to begin with and they are not going to give in easily, because you’re talking about (a $)300 million trade deficit in China’s favor, so they are not going to give up that easily,” the founding partner at Mobius Capital Partners told CNBC’s “Squawk Box Europe.”
“But I would say, maybe after six months they will come to some agreement and that will be done. But in the meantime, there will a lot of blood on the streets,” he added.
Beijing and Washington have engaged in a tit-for-tat trade battle since near the start of the year, when the U.S. imposed tariffs on laundry machines and solar panels coming from China.
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