Anthony Scaramucci, the Wall Street investor who famously served for 11 days as White House communications director in Donald Trump’s first administration, says the US has no choice but to reduce tariffs on China to below 10 per cent, and is likely to face further credit ratings downgrades as its budget crisis rolls on.
Scaramucci, who is better known as The Mooch, is the first big-name global investor to be confirmed for the Sohn Hearts & Minds conference in Sydney in November. He also says Trump appears to be getting bored with the trade war he started just six weeks ago, and will start to focus on how much money he can personally extract from his presidency.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
