Economics

Kyle Bass Says Substantial U.S.-China Deal Unlikely at This Time

  • Donald Trump plans to meet with China’s Liu He on Friday
  • U.S. won’t fold and do deal that can’t be enforced, Bass says
"China needs an interim trade deal just as bad as Trump’s presidency," Kyle Bass said on Bloomberg Television.(Source: Bloomberg)
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Hedge fund manager Kyle Bass, founder of Hayman Capital Management, said a “substantial” U.S.-China trade agreement is unlikely at this stage.