China trade Trump WTO

As Trump Lashes Out At ‘Unfair’ WTO, Here’s What One Expert Says

He's right and wrong. But mostly wrong.

I'm not sure how much more evidence investors and analysts need when it comes to admitting that Donald Trump has little to no regard for anything that even approximates decorum or restraint, but based on the fact that U.S. equities had rallied for three consecutive sessions heading into Friday, folks apparently weren't convinced that he would ultimately keep pushing the envelope on the trade issue. He's done his best to disabuse everyone of that notion since Thursday evening when he ordered the USTR to look into an additional $100 billion in tariffs on China, a move which weighed on futures overnight. Friday morning's lackluster March payrolls report didn't help the mood and neither did the following inflammatory tweet: That tweet seemed to catalyze a fresh leg lower in stocks, coming as it did on the heels of comments from Chinese Ministry of Commerce spokesman Gao Feng at a hastily convened press conference (held, by the way, at 8 p.m. in the evening local time on a holiday).   Oh, and Larry Kudlow isn't going to save you because apparently, he doesn't know what the fuck is going on. If you need
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