It’s always an opportune time to strike when the iron is hot and for House Minority Leader Kevin McCarthy, that time is now for a U.S.-China trade deal to be struck.
“If I look at time, and I look at history, now is the moment” McCarthy said. “Would you want to have this talk 20 years from now when their economy may be stronger or their military may be mightier?”
Per a CNBC report, “McCarthy also called on the Democratic-controlled House to pass the United States-Mexico-Canada Agreement to make America stronger and to bolster the U.S. hand in China trade negotiations.”
According to his estimation, McCarthy feels this would put the U.S. in an advantageous spot when it comes to sitting at the negotiating table with China.
“That only makes us stronger going into negotiations with China,” McCarthy said.
Other political figureheads like Senator Rick Scott said that China is on the spot to fix the trade impasse. With contentious topics like technology on the docket during negotiations, China has to be willing to make the necessary concessions.
“China can fix this problem. Xi can do this,” the Florida Republican said, making reference to Chinese President Xi Jinping. “Stop stealing technology, let the people of Hong Kong have their rights.”
“This is all Xi’s problem. He’s causing all of this,” Scott said.
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Related: U.S. Equities Could Benefit From September Trade Talks
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This article originally appeared on ETFTrends.com.
