Economics

Among Europe’s Elite, Trump Trade Talk Earns Grudging Support

Economists, investors meet in Cernobbio amid U.S.-China spat
Analysts say Trump’s moves may be negotiating strategy

JPMorgan International Chairman Jacob Frenkel discusses global trade frictions and what it means for markets. (Source: Bloomberg)

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By Alessandro Speciale and Francine Lacqua

April 6, 2018 at 4:29 PM UTC

Updated on

April 7, 2018 at 10:40 AM UTC

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No one likes trade wars but U.S. President Donald Trump is starting to win some grudging support among European and global business elites as he moves to put China’s trade practices in the spotlight.

Investors and economists attending the annual Ambrosetti Spring workshop along the shores of Italy’s Lake Como voiced concern about protectionist saber-rattling between the U.S. and China. Yet several admitted that some of Trump’s complaints about unfair competition from China ring true.