Trump's ‘man-to-man' style won't work on Xi, former aide says
US President Donald Trump and Chinese President Xi Jinping are likely to speak this week. PHOTO: REUTERS
SINGAPORE – A potential trade deal between the world's top two economies hinges on US President Donald Trump and Chinese President Xi Jinping overcoming core differences in their negotiation styles, former acting White House Chief of Staff Mick Mulvaney said.
'There's a fundamental disconnect here,' Mr Mulvaney told Bloomberg TV on June 3. 'Trump wants to talk at the very highest levels. That's not always how the Chinese want to do business.'
Mr Mulvaney's comments highlight a potential hurdle to a call between the leaders that the White House said is likely this week.
Such direct contact could potentially ease tensions that have surged over access to chips and rare earths after earlier talks secured a 90-day reprieve for drastic tariffs.
Mr Mulvaney, who also served as Mr Trump's budget director during his first term, said his former boss favours direct communications with the principal in business or politics alike.
That approach, however, contrasts with the usual practice of the Chinese leader, who prefers that advisers iron out key issues beforehand.
'I do not see them being able to pull off a deal the old-fashioned way, which is going through the back channels,' Mr Mulvaney said, speaking on the sidelines of the Nomura Investment Forum Asia in Singapore.
'And I think it'd be very difficult to do a deal going the Trump way, which is only Xi to Trump man-to-man.'
White House Press Secretary Karoline Leavitt told reporters on June 2 the presidents are likely to speak this week, without giving a date for the 'potential' call.
China's Foreign Ministry did not immediately respond to a request for comment on a possible call.
Mr Mulvaney replaced Mr John Kelly as chief of staff during the first Trump administration, but was never formally named to the role, serving over a year in an acting capacity.
The former South Carolina congressman was also in charge of the Office of Management and Budget from 2017 to 2020.
He said he believes that the US and China can find a way to co-exist, provided that Beijing takes steps to become what he called a 'leading nation of the world.'
'They can't steal people's intellectual property. They can't force you into bad deals in order to do business in your country. They can't hide information when they deal with pandemics, like they did with Covid-19,' he said.
'First-tier nations of the world don't do that. China's going to be become a first-tier nation. They need to step up their game.' BLOOMBERG
Join ST's Telegram channel and get the latest breaking news delivered to you.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Times
41 minutes ago
- Business Times
Japan's April real wages slump for fourth month as inflation bites
[TOKYO] Japanese real wages fell for a fourth consecutive month in April, eroded by stubborn inflation that has continued to outpace pay hikes delivered so far by companies, government data showed on Thursday. The wage data adds to concerns about Japan's growth outlook at a time US President Donald Trump's sweeping tariffs stir uncertainty about the global economy. Japanese policymakers and analysts are concerned global trade tensions may offset the pay hike momentum and complicate the Bank of Japan's efforts to normalise monetary policy. Inflation-adjusted real wages, a key determinant of households' purchasing power, slumped 1.8 per cent in April from a year earlier after a revised 1.8 per cent drop in March and 1.5 per cent fall in February, labour ministry data showed. The consumer inflation rate the ministry uses to calculate real wages, which includes fresh food prices but not rent costs, eased slightly to 4.1 per cent year-on-year in April from 4.2 per cent in March but stayed around 4 per cent for five months in a row. 'While wages are steadily rising, prices remain high,' said a labour ministry official. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Regular pay, or base salary, rose 2.2 per cent in April, the fastest pace in four months. Overtime pay edged up 0.8 per cent, reversing a decline in March, while special payments grew 4.1 per cent. Total average cash earnings, or nominal pay, increased 2.3 per cent to 302,453 yen (S$2,700) in April, the same as a revised increase in March. Major Japanese firms on average agreed to more than 5 per cent pay hikes during annual spring wage talks in March. While some of those were already implemented in April, the labour ministry official said the newly agreed pay hikes would be gradually reflected in future wage data. REUTERS
Business Times
41 minutes ago
- Business Times
Stocks to watch: ThaiBev, Far East Orchard
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jun 5). ThaiBev : The beer maker announced a US$2 billion multicurrency debt issuance programme on Wednesday. The group will issue notes and perpetual securities dominated in any currency agreed upon between the group and relevant dealers under the programme. The net proceeds from the programme will be used for 'general corporate purposes' of the company, the group said. Shares of ThaiBev closed 1.1 per cent or S$0.005 higher at S$0.465 on Wednesday. Far East Orchard : A joint venture (JV) agreement between its subsidiary, Far East Hospitality Management Asia, and Real Hospitality Group Asia, in relation to a hospitality management business in China, has been terminated. While the JV partners intended to incorporate a JV company in Hong Kong and an operating company in China for the business, they were unable to source for suitable opportunities amid the Chinese tourism industry's post-pandemic recovery, the developer said on Thursday. The counter closed on Wednesday unchanged at S$1.01.

Straits Times
43 minutes ago
- Straits Times
US imposes visa bans on India travel agents for facilitating illegal migration
The US and Indian flags displayed on the Eisenhower Executive Office Building in the White House compound in Washington. PHOTO: REUTERS WASHINGTON – The US State Department said on May 19 that it was imposing visa restrictions on owners and other staff of India-based travel agencies that it says knowingly facilitate illegal migration to the United States. An unspecified number of unnamed people linked to travel agencies in India were being hit with visa bans under the Immigration and Nationality Act based on information gathered by the US mission to India, department spokeswoman Tammy Bruce said in a statement. Washington often issues visa bans without publishing the names of those targeted. 'We will continue to take steps to impose visa restrictions against owners, executives and senior officials of travel agencies to cut off alien smuggling networks,' Ms Bruce said, without detailing how the travel agents had facilitated illegal migration. The move comes amid President Donald Trump's broad crackdown on migration to the United States and efforts to deport undocumented immigrants in the country. The US Embassy in New Delhi has repeatedly posted on its social media sites a warning to Indian nationals visiting the United States not to remain in the country beyond their authorised period of stay, saying they will face deportation and a permanent ban from entering the country for doing so. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.