Trump's son advises investors to avoid China

Donald Trump Jr. has urged investors to steer clear of China, characterizing any belief in Beijing as a trustworthy ally as "naive." Speaking at an investor event in Zurich, Switzerland, he asserted that the notion of China as a reliable partner is fundamentally flawed.

As the executive vice president of the Trump Organization, Trump Jr. has been involved in various overseas investment projects. His strong stance against China mirrors the tougher rhetoric seen during his father's presidency. He specifically targeted China's legal system, arguing that it fails to provide a level playing field for foreign companies.

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We cannot pretend that China is an ally. Doing so is very naive.

"I cannot name one person who is not a Chinese citizen who has done business in China and won a lawsuit there," Trump Jr. told investors, highlighting his skepticism about the fairness of legal recourse for foreign entities operating within the country.

These statements emerge at a time when the Trump administration is actively exploring new economic cooperation frameworks with China. The U.S. Trade Representative's office recently initiated a public comment period for a "Trade Council" agreed upon by President Trump and Chinese President Xi Jinping. This initiative aims to reduce tariffs on approximately $30 billion worth of goods from each side, provided they do not raise national security concerns, in an effort to de-escalate trade tensions.

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I cannot name one person who is not a Chinese citizen who has done business in China and won a lawsuit there.