×

Bill Gates hopes Trump won't get into a tariff 'tit for tat' with China

Billionaire Bill Gates told CNBC on Tuesday that a deterioration in trade relations with China would not be a good deal, but he does not see President-elect Donald Trump engaging in a trade war.

"I feel sure that he and the team he brings in around them, even as they tune things, they won't want the 'lose-lose' that you would get if you start to get large tariff walls," the Microsoft co-founder said on "Squawk Box."

"The president-elect is very sophisticated. I hope he's thought through how he's going to get some adjustment there [in China] without that typical sort of tariff tit for tat."

Sign Up for Our Newsletter Morning Squawk

CNBC's before the bell news roundup
Get this delivered to your inbox, and more info about about our products and services.
By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.