Don't underestimate a small US-China trade deal: Blackstone

4:58 AM ET Sat, 21 Sept 2019

If there's no trade deal between the U.S. and China, there will be no basis for continuing discussions and relations could "spiral out of control" and become more hostile, adversarial or even "Cold War-ish," says Tony James of Blackstone tells CNBC at the Singapore Summit.