Wall Street titans fail to explain Trump to China
As China and the United States escalate a trade war, the Chinese government is turning to familiar Wall Street and Washington insiders for advice on understanding President Donald Trump — with underwhelming results.
Corporate leaders and former U.S. officials who have spent years cultivating relationships with Beijing — such as Blackstone CEO Steve Schwarzman, JPMorgan Chase CEO Jamie Dimon and former Treasury Secretary Hank Paulson — have been fielding calls from Chinese officials anxious for information on what is driving U.S. actions on the trade front.
