Economist Mohamed El-Erian said Monday there's a 60 percent chance that President Donald Trump's hard line with China and Europe yields "fairer trade" for the U.S. On CNBC's "Squawk Box," the chief economic advisor at Allianz predicted a 15 percent chance that Trump's approach would result in a "Reagan moment" in trade, especially with China. It would be similar to Ronald Reagan's tough stance against the Soviet Union during the Cold War. "That would transform the landscape," El-Erian said. Reagan also engaged in aggressive trade policies, including quotas on Japaneses cars. Some analysts say the policies were mixed. El-Erian gave...