Gutierrez: US-China trade deal will not be done by August 1, copper tariffs will cause shortages

  • Carlos Gutierrez, former US Commerce Secretary, says any potential US-China trade deal will be a long-term one, and nothing like the 'mini' deals being settled with other US trading partners – adding that the issue of transshipments from Vietnam will be part of Trump's negotiations with China. He also says there will be shortages and price increases in copper following the tariffs as the US doesn't have the capacity right now to offset imports.