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President ‘Good Brain’ Tells ‘Mr. Wang’ To Stay Home In Latest Sign Trade Talks Going Nowhere Fast
Those who have variously warned against reading too much into ostensibly upbeat trade headlines appear to have been vindicated on Tuesday afternoon.
As a reminder, trade optimists were hanging their hats on three things:
reports that China had offered to cut the trade imbalance with the US to zero within six years
reports that Steve Mnuchin had suggested lifting tariffs in an effort to bring Beijing to the table
Vice Premier Liu He's upcoming visit to Washington
The market seize
No such thing as “good faith” negotiations in this White House.
Kudlow is already on TV attempting to “walk this back.” He should talk to Rudy, the expert at ‘walking’ slips of the tongue back.