KYLE BASS: America's relationship with China just took 'a major step for the worse'

pulse

June 30, 2017 6:52 PM

The hedge fund manager is short in China, a bet that's not working out

Kyle Bass, the founder of hedge fund Hayman Capital Management, isn't optimistic about the United States' relationship with China, a market he is famously short on.

Yesterday kind of signified a tectonic shift in the US relationship with China," Bass told CNBC's Squawk Box Friday morning.

"When you think diplomacy and the manner in which we handle our relationship with China, I think it took a major change, a major step for the worse yesterday. I find all of the optimism to be questionable."

Specifically, Bass pointed to yesterday's $1.42 billion deal to sell weapons to Taiwan, which angered Chinese leaders in Beijing.

The US on Thursday also imposed sanctions

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