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Cohn Sees No ‘Instant Cure’ on U.S.-China Trade After Midterms

  • Former White House economic adviser sees no ‘instant cure’
  • Some in Beijing hope for near-term thaw with campaign over
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Cohn comments on the U.S.-China trade dispute during a panel discussion at the Bloomberg New Economy Forum.Source: Bloomberg
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Ex-White House economic adviser Gary Cohn said he didn’t expect Democratic election gains to speed the end of President Donald Trump’s China trade war, even as some in Beijing held out hope he might warm to talks.

“I don’t think there’s an instant cure for the trade issue,” Cohn told Bloomberg’s New Economy Forum in Singapore as assembled business and political leaders digested the results Wednesday. “I wish that I could sit here and say, after the midterm elections, the White House and the administration understand they’ve gotta solve trade issues.”