While the U.S. and China throw new punches at each other in the protracted trade war, the markets may eventually find a steady footing once the two sides eventually hash out their differences.
“I am, like most economists, a free trader. I do not think that when you trade, one country wins and one country loses,” Dr. Burton Malkiel, Princeton Economist, said. “International trade is a win-win.”
“I am particularly not happy about us getting into a trade war with China,” he added.
Dr. Malkiel noted that this tit-for-tat trade war may just be an elaborate political move or negotiating tactic that could eventually get us a better deal with China when all things are settled.
“I certainly hope that will be the case,” Dr. Malkiel said.
Furthermore, Dr. Malkiel argued that President Donald Trump is closely watching the markets, which he often remarks upon when he points out that U.S. equities are pushing to new highs under his administration. Consequently, it is also in his best interest to keep the U.S. markets moving higher into 2020, an election year that could determine whether or not Trump will remain in office for another term.
In two one of this five-part miniseries below, Princeton Economist, Dr. Burton Malkiel, discusses why and how to access a once-in-a-lifetime growth opportunity in Emerging Markets. For more information on these topics, please visit http://www.EMQQetf.com.
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As of 08/22/19, EMQQ did not have any holding of Cisco.