Latest news with #Mulvaney
Yahoo
4 days ago
- Business
- Yahoo
Trump's 'Man-To-Man' Diplomacy Won't Work With Xi Jinping, Warns Former White House Chief Of Staff As Tariff Deadlock Continues
Former acting White House Chief of Staff Mick Mulvaney has expressed doubt on President Donald Trump's ability to strike a deal with Chinese Premier Xi Jinping. What Happened: Mulvaney, speaking to Bloomberg TV, highlighted a fundamental distinction between both leaders' approaches to diplomacy. "There's a fundamental disconnect here," he said. "Trump wants to talk at the very highest levels. That's not always how the Chinese want to do business." Trump, who is known to prefer direct engagement, wants to have a call with Xi. The White House said it is likely to take place this week. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share. Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000. Mulvaney observed that this tactic may not be compatible with how Xi usually operates. "I do not see them being able to pull off a deal the old-fashioned way, which is going through the back channels," he explained. "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." Why It Matters: Trump likes to communicate directly with leaders, both in case of politics and business, according to Mulvaney, who also served as his budget director in the past. This contrasts with Xi's practice of negotiating and resolving key issues through advisers before any leader-level engagement. Mulvaney also presented a larger critique of Beijing. "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 become a first-tier nation. They need to step up their game." Mulvaney's comments come just as China refuted claims of violating agreements made in Geneva, stating that it 'implemented and consistently upheld' the terms of the deal reached last month. The ministry also rebuked Washington's actions, citing "discriminatory restrictive" measures imposed by the U.S., including curbs on AI chip exports, bans on chip design software, and visa revocations for Chinese students. Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late. Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.30/share! Photo courtesy: Joey Sussman / UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Trump's 'Man-To-Man' Diplomacy Won't Work With Xi Jinping, Warns Former White House Chief Of Staff As Tariff Deadlock Continues originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Trump's Dealmaking Style Won't Sway Xi, Ex-White House Aide Says
(Bloomberg) -- A potential trade deal between the world's top two economies hinges on Donald Trump and Xi Jinping overcoming core differences in their negotiation styles, former acting White House Chief of Staff Mick Mulvaney said. Where the Wild Children's Museums Are Billionaire Steve Cohen Wants NY to Expand Taxpayer-Backed Ferry The Economic Benefits of Paying Workers to Move At London's New Design Museum, Visitors Get Hands-On Access LA City Council Passes Budget That Trims Police, Fire Spending 'There's a fundamental disconnect here,' Mulvaney told Bloomberg TV on Tuesday. 'Trump wants to talk at the very highest levels. That's not always how the Chinese want to do business.' 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. Mulvaney, who also served as Trump's budget director during his first term, said his former boss favors 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,' 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 Monday 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. Hua Chunying, Vice Minister of Foreign Affairs, said on Tuesday at an event at the Italian embassy in Beijing that China is always open to talks, but reiterated that Washington needs to show sincerity. Mulvaney replaced 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.' --With assistance from Naman Tandon. (Updates with Hua's comments in seventh paragraph) YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To Will Small Business Owners Knock Down Trump's Mighty Tariffs? ©2025 Bloomberg L.P.
Yahoo
5 days ago
- Business
- Yahoo
Trump's Dealmaking Style Won't Sway Xi, Ex-White House Aide Says
(Bloomberg) -- A potential trade deal between the world's top two economies hinges on Donald Trump and Xi Jinping overcoming core differences in their negotiation styles, former acting White House Chief of Staff Mick Mulvaney said. Where the Wild Children's Museums Are Billionaire Steve Cohen Wants NY to Expand Taxpayer-Backed Ferry The Economic Benefits of Paying Workers to Move At London's New Design Museum, Visitors Get Hands-On Access LA City Council Passes Budget That Trims Police, Fire Spending 'There's a fundamental disconnect here,' Mulvaney told Bloomberg TV on Tuesday. 'Trump wants to talk at the very highest levels. That's not always how the Chinese want to do business.' 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. Mulvaney, who also served as Trump's budget director during his first term, said his former boss favors 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,' 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 Monday 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. Mulvaney replaced 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.' --With assistance from Naman Tandon. YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To Will Small Business Owners Knock Down Trump's Mighty Tariffs? ©2025 Bloomberg L.P.
Straits Times
6 days ago
- Business
- Straits Times
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.
The Journal
7 days ago
- Business
- The Journal
Former senior Trump official says special relationship with Ireland won't stop president's trade war
Mairead Maguire IRELAND WILL LIKELY become collateral damage in Donald Trump's efforts to put America first – but it's nothing personal. That's according to Mick Mulvaney, a former Republican congressman who was Trump's acting chief of staff in his first term and who has a unique insight into how the president operates. He spoke to The Journal at the Global Economic Summit in Killarney, where tariffs and trade were headline issues. Trump, Mulvaney says, wants to make deals where everyone wins. But if that's not possible, he'll make sure America wins, even at the cost of special relationships. 'His first interest is to take care of Americans. It's not to say, 'You know what, I hate Ireland. Let's just stick it to them'. That's not how this works. 'Why are American businesses doing business in Ireland when they could be doing it in the United States? That's the perspective.' Mulvaney said, however, that there is a real connection with Ireland. 'It's familial, it's cultural. 'The Irish are so naturally good at diplomacy. It is one of your competitive advantages in the world marketplace. I don't understand why it's been struggling the last two years.' Mulvaney says 'dramatic missteps' made by the Irish government – particularly in relation to Palestine – have caused a 'blip' in the strong relationship. He said he understands the parallels between Ireland and Palestine, and the government's decision to join Spain and Norway in recognising it as a state, but he claims Washington was blindsided by it. 'What I don't understand is why nobody called us beforehand. Friends don't do that to each other. 'I found out about it in the press. I understand that my government found out about it in the press.' Then-Tánaiste Micheál Martin announced his intention for Ireland to recognise the state of Palestine weeks in advance, after months of discussions. The government is set to green light the Occupied Territories Bill – another move expected to ruffle Republican feathers. Officials at the Department of Foreign Affairs and Trade have been revising the bill, making substantial amendments to the original text in order to bring it in line with the constitution and reduce the risk of a clash with EU law. As a result, the bill is expected to only cover goods and not services, such as products from online tech companies. Advertisement Even in its revised, stripped-back version, Mulvaney says the bill is unlikely to be well received in Washington. 'If you're pro-Palestinian, to half of my country you have to explain why that's not antisemitic.' On the trade war with Europe, Mulvaney's reading of the situation is that Republicans don't see the bloc as a viable ally in the long run. This, he says, is partly because the priorities for many younger European voters, such as climate change, conflict with Washington's priorities. Trump this week paused his threatened 50% tariffs on the European Union until 9 July, postponing them from the original 1 June deadline he had initially given. 'A weird time' Mulvaney quit his role in the White House after the Capitol riots of 6 January 2021. He was a Republican congressman in the House of Representatives before becoming director of the Office of Management and Budget and then acting chief of staff for Trump. He also sought out the role of Special Envoy to Northern Ireland, as he's 'been coming here for 20 years'. His ancestors are from Mayo. Mulvaney now regularly appears in American and international media as a commentator on politics and economics. He says it's a 'weird time' for his country, as significant figures in both the Republican and Democratic parties are aging. Joe Biden, who dropped out of the presidential race last year, recently announced a cancer diagnosis. As for Trump, the constitution prevents him for running for a third term. Mulvaney believes the 2028 presidential race will be of particular importance. 'It will represent generational change in both parties, and that will be fascinating to see.' Both parties, he says, have a good lineup of potential candidates. His ones to watch? Within the Democratic Party: Senator Cory Booker, Michigan governor Gretchen Whitmer, and congresswoman Alexandria Ocasio-Cortez. Among Republicans, he tips current vice president JD Vance to run. Florida governor Ron DeSantis and Secretary of State Marco Rubio are also ones to watch. Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
