Davos WEF
Davos WEF

Trump team at Davos: We don't want a trade war with China, just a better deal

Anthony Scaramucci, SkyBridge Capital Founder and aide to U.S. President-elect Donald Trump, speaks to the media between sessions during the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2017.
Jason Alden | Bloomberg | Getty Images

President-elect Donald Trump could be one of the last great hopes for globalism, according to a member of his transition team.

Speaking at the World Economic Forum in Davos on Tuesday, American financier Anthony Scaramucci — soon to be an assistant to Trump in the office for public liaison — said China and the United States have a "common cause."

"I believe that the U.S. and the new administration does not want to have a trade war," he said at the event where he was officially billed as an executive member of the president-elect's transition team.

"(We) want to have free and fair trade," he said. He spoke of a "crippled" America that had seen the negative effects of globalization since World War II. His words came directly after a speech by Chinese President Xi Jinping, who said economic globalization had powered worldwide growth and should not be blamed for the world's problems.

"All we're asking for now is to create more symmetry in these trade agreements," Scaramucci said.

Referring to globalism, he sais: "It's hollowed out American manufacturing, it's hurt the American middle class and it's crippled the American working class. ... We have to come up with policies to change that."

He added that he respects China, and respects the president of China and said Trump's administration wants a phenomenal relationship with the Chinese.

"But if the Chinese really believe in globalism and they really believe in the words of Lincoln, they have to reach now towards us and allow us to create this symmetry because the path to globalism for the world is through the American worker and the American middle class," he said.

"Because if you can create rising wages in that part of the world, ... you can create more purchasing power and the virtuous circle of consumption that will lead to more global trade and it will lead to more global peace and more global prosperity."

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