Theres Been A Trade War With China Since 2001

(CNN-Money) Kyle Bass the founder and chief investment officer of Hayman Capital Management believes that theres been a trade war with China since 2001. The only side thats been fighting it though is China he added. While business leaders have warned that President Trumps tariffs could end up hurting US companies Bass criticized what he described as a historically pacifist attitude towards trade with China. The US strategy has been unilateral disarmament while China has basically taken over the trade relationship with the US Bass told Richard Quest on CNNMoneys Markets Now on Wednesday.