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Cohn Says U.S. Is ‘Desperate’ to Sign Trade Agreement with China

(Bloomberg) Gary Cohn, the former head of President Donald Trump’s National Economic Council, said the U.S. is “desperate right now” for a trade pact with China as negotiators from both countries seek to reach a deal. “The president needs a win,” Cohn said in an interview with the Freakonomics podcast, according to a transcript released Wednesday. Cohn’s comments stand in contrast to statements from Trump that he’s in no rush for an agreement and is prepared to walk away from negotiations. Trump said Wednesday that a deal has to be “right” and that it must include provisions stopping the theft of U.S. intellectual property.

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