Heritage’s Walters: Not Very Optimistic Current Trade Talks with China Will Lead to Meaningful Deal

EXCERPT:

HOST: “Riley, you seem to think it’s more likely than not -- that the tariffs will still go into effect maybe even as soon as next week. Why is that?"
WALTERS: "I’m pretty pessimistic on these talks. Honestly, you know, we’ve had two years of this now and we have these occasionally truces every now and then, but at the end of the day, I mean, we usually have tariffs coming back on eventually anyways, which is a problem in and of itself we could have a truce, I’m not saying that it’s not impossible, I’m just a little bit more pessimistic around either a truce or a small deal. So next week I think we do see the tariffs coming about. It's -- it is pretty marginal compared to the tariffs we saw in September or the tariffs that we will see in December, but we also have some other interesting things too. You know, next week China’s going to release their new GDP numbers and this could actually be another thing we’re talking about in a week, another factor that contributes to whether they decide to continue the trade war or not."