As Boeing Dives, Markets Plunge, Trump Says ‘We’re Not In A Trade War With China Because We Already Lost That War’
Remember this, from just over a month ago?
https://twitter.com/realdonaldtrump/status/969525362580484098
It's a good thing trade wars are "good" and "easy to win", because by God we've got one now. Or maybe not. Because despite the fact that markets were roiled overnight as China struck back just hours after the U.S. published a list of products subject to tariffs in connection with the 301 investigation, Trump insists that what's unfolding in front of people with working eyes and ears isn't a
And meanwhile the Euro and Airbus remain buys in a bull market as Southern / China Airlines switch the largest jet order in human history from Boeing to Airbus, and refuse to pay any cancellation charges. This is a windfall for France meaning hundreds of thousands of high-paying career jobs and tax revenue for 15+ years. Can Boeing and its shareholders sue Trump for their massive market losses due to reckless stupidity?
This being looked at EVEN though Boeing 747 thru 777 models are excluded from tariff (for now).
All will be O.K., because POTUS is a ‘stable genius.’ Right?