Private equity billionaire David Rubenstein: US-China trade dispute is a 'skirmish, not a war'
"I think there will be a resolution not unlike what happened in NAFTA. There was a back-and-forth, but ultimately a resolution occurred," said David Rubenstein, the co-founder and co-executive chairman of The Carlyle Group. In fact, the tit-for-tat tariffs are "relatively modest" compared to the sizes of the U.S. and Chinese economies on their own, he added.