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00:00ADDITIONS IN THE U.S. GOVERNMENT AND REGULARLY MEET WITH TOP FOREIGN LEADERS, SO WHAT WOULD YOU BE ADVISING THESE TOP FOREIGN LEADERS RIGHT NOW TO MAKE OF THE NEGATIVE AND POSITIVE HEADLINES THAT WE GET ON A DAY-TO-DAY BASIS? > > I JUST EMPHASIZE TO THEM THIS IS WHIPLASH MONDAY. BOTH SIDES ARE LOCKED AND LOADED . INCREASED TARIFFS. PRESIDENT TRUMP WAS THREATENING TO USE U.S. COMPANIES OUT OF CHINA OVER THE WEEKEND. EXTRAORDINARY. MY SENSE IS BOTH SIDES ARE AT THE END OF THE ROPE. I THINK MARKETS ARE DESPERATE FOR NEWS. YOU CAN SEE THE RALLY, BUT IT IS BUYER BEWARE. WE WILL SEE MORE ESCALATION. I DON ' T THINK WE WILL SEE A DEAL BEFORE THE U.S. PRESIDENTIAL ELECTION. LISA: THERE IS A LOT OF NOISE RIGHT NOW AS WE ARE TALKING ABOUT THE CONFLICTING HEADLINES AND THE WHIPLASH. I AM SURE YOUR CLIENTS ARE LOOKING FOR SUBSTANCE BENEATH THE NOISE. WHAT SUBSTANCE EMERGED FROM THE G7 MEETING OVER THE WEEKEND? CLIFF: NOT MUCH AS FAR AS CHINA GOES. NOT MUCH AS FAR AS ANY REAL PROGRESS. FOR AMAZON, WHICH IS GOOD. -- THE FUND FOR AMAZON, WHICH IS GOOD. BORIS JOHNSON HAD A GOOD G7. THE EU TOLD HIM HE WAS A GOOD BOY AND MADE THE RIGHT NOISES ON CLIMATE CHANGE, ON IRAN, ON TRADE. BUT THEY WOULD HAVE A LOOK AGAIN AT THE IRISH BACKSTOP. WHETHER NORTHERN IRELAND HAS TO REMAIN PART OF THE CUSTOMS UNION IN CASE OF BREXIT. THEY MAY SHOW MORE PUTS ABILITY. I THINK WHAT HISTORY WILL RECORD COMING OUT OF THIS G7 IS THERE IS A HIGHLY BETTER CHANCE OF A DEAL AT THE END OF TODAY THAN THERE WAS BEFORE THE G7. THAT IS YET TO BE WRITTEN. CAROLINE: INTERESTING. MAYBE THERE IS POSITIVE MOOD MUSIC ON BREXIT. WHAT ABOUT OTHER TRADE DEALS AND TRADE RELATIONSHIPS? IT SEEMED AS THE RHETORIC WAS DIAL BACK ON CHINA AND EUROPE, JAPAN. ARE YOU ADVISING YOUR CLIENTS THAT IF YOU ARE A COMPANY LOOKING TO DO WORK WITH CHINA AND LOOKING TO DO WORK IN THE U.S., YOU SHOULD BE WORRIED? CLIFF: NO. LOOK, AGAIN, WE ARE DEALING WITH A PRESIDENT WHO I THINK IS STRATEGICALLY VERY PREDICTABLE BUT TACTICALLY EXTRAORDINARILY UNPREDICTABLE. WE SAW A LOT OF TACTICS TODAY. WHAT HAPPENED WITH JAPAN, TRUMP SAYS -- THE JAPANESE SAY IT IS IN AN EARLIER STAGE. I DON ' T KNOW WHERE THINGS ARE. I WOULD TELL ANYBODY TO WAIT UNTIL YOU SEE THE FINE PRINT TO MOVE ON THE MONEY ON THIS STUFF. IT IS TOO EARLY AND TOO ERRATIC. LISA: TAKING A STEP BACK BECAUSE THERE WAS A MORE CONCILIATORY

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Eurasia Group Chairman, Cliff Kupchan, Does Not See a U.S.-China Trade Deal Before Elections

Cliff Kupchan, Eurasia Group Chairman discusses trade talks between the United States and China, and says Boris Johnson had a good G7. He speaks with Caroline Hyde and Lisa Abramowicz on "Bloomberg Markets: The Close." (Source: Bloomberg)

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