The grandson of late President Richard Nixon, Christopher Nixon Cox, is allegedly joining the Trump administration to become its new economic aide focusing on China trade, sources familiar with the matter reported.
Based in New York, Cox is the co-founder and managing partner of OC Global Partners LLC. According to the sources, Cox will most likely take over the China trade at the National Economic Council. His potential hire comes amid an escalating trade war between the world’s two biggest economies.
Director of the National Economic Council Larry Kudlow and Secretary of Treasury Steve Mnuchin have been working on easing the conflict and tensions in the past months. Both officials have attempted to push for a U.S.-China summit at the end of the year, even though it is uncertain if the presidents would meet at the Group of 20 nations summit in Argentina in November.
One of the people said the vetting process, as well as discussions about Nixon Cox’s potential portfolio, are ongoing, and the hiring is therefore not yet official.
Trump warned on Thursday that he could do much more that would hurt China’s economy in an interview with Fox News.
“It’s had a big impact,” Trump said of the tariffs imposed on the nation. “Their economy has gone down very substantially, and I have a lot more to do if I want to do it.”