The U.S. and China have agreed to meet in early October in Washington to discuss trade.
Gutierrez, who served under former President, said it's difficult to see the U.S. and China coming to an agreement in the near term.Carlos Gutierrez"I think it's a bit optimistic. The two sides are too far apart, this has been such a public dispute," he told CNBC's "Street Signs" from the China Development Forum in"That environment is not conducive for a deal.
Gutierrez said the U.S. and China could come to an agreement before America's presidential election in 2020, but it has to be a "very, very good deal" that PresidentHe noted that Trump has been telling the American public about China ripping off the U.S. So, the president will have to explain to the people and Democrat lawmakers in Congress how any deal he reaches with China addresses his claim.
"If we're thinking about the large multi-national corporations, I can't think of anyone that has actually decided to leave China. So they're sticking it out, but boy, sticking it out means a hit to earnings, a hit to cash flow, stock price and everything that goes with it," Gutierrez added.
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