President Donald Trump and China's President Xi Jinping leave after an opera performance at the Forbidden City in Beijing, China, November 8, 2017. Jonathan Ernst, Reuters
CNBC: Look for an 'almost inevitable cold war' between the US and China, strategist says
* North Korean leader Kim Jong Un called his country a nuclear power, and the question now is whether the United States recognizes it as one, said David Roche, president and global strategist at Independent Strategy
* The U.S. moving to contain North Korea or take out Kim through an attack would signal China's ineffectiveness at handling the situation, Roche said
* Both those options would result in an "almost inevitable cold war" between the U.S. and China, he added
North Korea called itself a nuclear power on Monday, but the question now is whether U.S. President Donald Trump recognizes the rogue regime as one, a strategist told CNBC Tuesday.
That's an important development to watch as actions taken by Trump against North Korea will likely result in a cold war between the U.S. and China, said David Roche, president and global strategist at Independent Strategy. Such a turn of events between the two major powers would have global implications, he added, pointing to how it would affect worldwide trade and investment.
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