Enlist Wall Street in Trump’s ‘Reaganesque’ Effort on China

President Trump just expressed confidence that a great trade deal would be reached with Communist China. Importantly, he didn’t indicate when.

That’s good news since he’s under considerable pressure to make a less than great deal from the likes of former Goldman Sachs executive-turned-Treasury Secretary Steve Mnuchen. They use as leverage Wall Street’s unhappiness with the so-called “trade war.”

But, one financial guru, Allianz’s Chief Economic Advisor Mohammed El-Erian, told CNBC last week that Mr. Trump was in a position to do “something Reaganesque.” By emphasizing national security imperatives to hold the line on trade, the President can “actually change the economic dynamics on a global scale.”

U.S. financial markets must do their part, however. For example, they must stop underwriting dangerous Chinese companies like surveillance giant Hikvision that helps its government crush freedom at home and increasingly elsewhere.