'I think that's his only reelection strategy that will work for him' to sure up the economy and stock market, says Siegel.
will need to make a deal to end the trade war with China if he wants to win reelection, Wharton School professor Jeremy Siegel told CNBC on Thursday.
"My feeling is that the only chance Trump has for reelection is a good economy and a good stock market," the longtime stock bull said on "Trump would have to want to "give up reelection" to continue fighting with the world's second largest economy, Siegel said. "I don't think that's in his equation."
"I think he's going to get the best thing he can," Siegel said, adding he expects a deal to be made by next summer, ahead of the Democratic and Republican nominating conventions, held in July and August, respectively. "In the end, I think he's going to make a deal with the Chinese to get the economy back on track," he adds. "I think that's his only reelection strategy that will work for him."China on Monday allowed its currency to slide to its lowest point in more than a decade. The Trump administration later Monday
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