Mark Mobius on a trade war with China

I agree with [Trump] completely.  The U.S. has been taken for a ride — let’s face it — over the last 20 or 30 years. It’s time to start saying, ‘Look, there has to be some reciprocity between these two countries, because it’s just crazy to have this kind of deficit.'

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I think at the end of the day, the U.S. is going to win this one, because the U.S. is the biggest importer in the world, and China needs the U.S.  Winning means getting some concessions and a reduction in the trade deficit.

~ Mark Mobius, retired portfolio manager at Franklin Templeton and famed global investor, as appeared on CNBC, July 4, 2018

(Comments on trade with China are from 1:00 to 2:50 of the video.)