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Private equity billionaire David Rubenstein: US-China trade dispute is a “skirmish, not a war”

The U.S. and China compel eventually be able to come to a trade deal, according to private equitableness billionaire David Rubenstein.

“My view is this trade dispute wishes be more of a skirmish, not a war,” Rubenstein told CNBC on Tuesday at the Barclays Asia Forum in Singapore.

“I deliberate on there will be a resolution not unlike what happened in NAFTA. There was a back-and-forth, but essentially a resolution occurred,” said Rubenstein, who is also co-founder and co-executive chairman of The Carlyle Group.

So far, retinues that The Carlyle Group owns that do business in both homelands have not been dramatically impacted, he said.

In fact, the tit-for-tat price-lists are “relatively modest” compared to the sizes of the U.S. and Chinese economies on their own, he totaled.

“I think it’s a bit of a mistake to worry too much that we won’t be able to come together with China. I about the United States administration wants to reach a deal and the Chinese requirement to reach a deal,” he said.

“Obviously, what is said in public power not be what is really said in private, so I’m confident at some point this thinks fitting come together,” said Rubenstein.

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