‘The Mooch’ says Trump will have to cut China tariffs below 10pc

News Snapshot:

Anthony Scaramucci, the Wall Street investor who famously served for 11 days as White House press secretary 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 best 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...