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Trump Engineers Epic Confidence Reversal With China Tariff Pause
While previewing this week's slate of US macro releases, I suggested consumer confidence was likely
While many airplane pilots enjoy a bit of clear-air turbulence, there’s a point where turbulence can cause a structural failure, causing a catastrophe.
You know how when you bend a waxed paper or plastic straw it forms a white crease and the straw loses its structural integrity at that point. I wonder if international trade relations do that too? Meaning that you cannot just bend and twist them all to hell and expect them to maintain their structural integrity as well.
I think you are right, trade relations just don’t snap back after an all out frontal attack. You start looking to diversify and open new trade pipelines that are more stable. International business and trade like stability over time. Trump can be consistent over the course of a day. So far, he’s wasted a huge chunk of resources and burned down the US’s reputation to ink one teeny weeny deal and a free plane. We are now all forced to live through Trump’s next and greatest bankruptcy. Unless, that is, a few Republicans can find the courage to fight for the dream that hatched this country.
Barron’s had a good Acronym today TACO
“Tuesday’s trade is known as TACO—for Trump Always Chickens Out and comes after Trump backed away from Friday’s threat to ramp up tariffs on imports from the European Union over the long Memorial Day weekend.”
At what point, maybe he has already, will Trump realize that he has the power to tank/let’r’rip the markets and then start trading on that power?
His flunkies seem to be…..