Ryan Petersen, founder and CEO of supply chain platform Flexport Inc., believes President Donald Trump will ultimately be the one to “blink” in this trade war with China.
What Happened: Speaking with Scott Galloway on The Prof G Pod on Thursday, Petersen said he believes the U.S. will be the first to blink in the ongoing tariff standoff with China. “You can kind of game theory this out,” he said. “One side is going to budge. If neither does, it’s catastrophic. But if one side has to blink, it’s the U.S.”
Petersen argued that the perception of the trade conflict differs sharply between the two countries, suggesting that “the Chinese will see this as something being done to them by a foreign imperialist power,” while Americans are more likely to view it as “something being done to us by our own leadership.”
See More: Jim Cramer Stays Bullish …Full story available on Benzinga.com
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