(Zero Hedge)—Billionaire venture capitalist endorses President Donald Trump’s push to recalibrate the U.S.-China trade relationship for greater balance.
Peter Thiel, the sole prominent Silicon Valley figure to back Trump in 2016, told fellow billionaire tech investor and American Optimist host Joe Lonsdale that while he’s cautious about commenting on the details of Trump’s trade tariffs on China, he supports the need for a “reset” in relations with the communist regime.
“I’m hesitant to comment since obviously it’s a very, very fluid situation, but something like the sort of reset that they’re talking about now seems where we’re going, where you need a very drastic reset with China,” Thiel told Lonsdale. “In theory you need to reset with other people, but what we really need to get them to do is also reset things with China.”
