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

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.
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