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China Thinks Trump Needs To Lift Tariffs If He Wants Xi To Make ‘Patriot Farmers’ Solvent Again
On Tuesday there was still more evidence to support the conclusion that Donald Trump's "Phase One" trade "deal" with China is no "deal" at all.
The agreement, touted late last week in a predictably silly Oval Office photo op with Vice Premier Liu He, was so short on specifics that analysts appeared to struggle over the weekend to put together coherent summaries. Goldman, for example, called it "fairly straightforward in certain aspects" - an apparent euphemism for "clear as mud".
On Monday, am
You mean, fake news?
Sorry folks but this whole pseudo agreement last week was a premeditated attempt to manufacture an equity rally….We are now going to walk all this back to manufacture another equity rally before the Holidays…Wonder what they will do for Halloween????
China’s approach reminds me of the later Muhammad Ali “rope a dope” fights – he let the opponent punch himself out then came out of his defensive position to score the KO.