U.S. President Donald Trump 'doesn't necessarily need a deal' with China as he seeks reelection in 2020, according to a senior director at the U.S.-China Business Council.
have been hurt by the tariffs and are urging both sides to refrain from further escalation.
"I have a hard time imagining that we will get to the 2020 election without seeing a significant impact to people's pocketbooks," Ashton said.in the face of U.S. provocation and that "seems like a positive thing." However, she added, the reprieve might only be temporary. Once retaliation resumes, "I think that we will just see more high-stakes brinksmanship from the U.S. side and this could go on and on and keep getting worse."
President Donald Trump speaks during a campaign rally at the SNHU Arena in Manchester, New Hampshire, August 15, 2019.On the use of punitive tariffs, Ashton said they have "actually made it more difficult" for the two parties to discuss "fundamental issues" that were initially brought up, such as intellectual property protection and forced technology transfer.
Regardless of the outcome of the 2020 U.S. elections, she said she expects "any American administration henceforth is going to be tougher on China.""I don't think that we necessarily need to expect that a different administration would rely so heavily on tariffs," she said. "I wouldn't expect that a different administration, a Democratic administration would take quite the same approach.
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