Peter Jungen, Chairman of Peter Jungen Holding

It was unwise for President Trump to start trade tensions, because China-US trade is particularly in favor of US consumers. The bilateral trade for the two countries has helped US reduce prices for goods and increase disposable income substantially.

Trump did this partly for show, to win more support for the midterm elections. This won't have major impact on the real economy, though it has impacted the financial market at the moment.

Trump may make a fuss to impress his voters in particular areas and regions in the United States in the run-up for the midterm election. My suggestion to Trump is to sit down and start negotiation early, as this is much better for the United States.