Putin, Xi Show America How To Deal With Trump

Donald Trump talked to Xi Jinping on Thursday. Nothing much came of it. China was first to announce

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9 thoughts on “Putin, Xi Show America How To Deal With Trump

    1. Exactly, a big loud paper head behind the curtain. As the Bard said: “Life’s but a walking shadow, a poor player, that struts and frets his hour upon the stage, and then is heard no more. It is a tale told by an idiot, full of sound and fury, signifying nothing.”

      1. The Scottish Gentleman is painfully aware of his evil doing. He also performed heroic service for his country before his fall. He could have been a hero, but his ambition caused him to fall. Awareness of emptiness or culpability will never be in the script here.

  1. Another though(s).
    Maybe Trump considers America to be his Emerald City. Surely we aren’t in Kansas anymore. And, this isn’t a bad dream, etc.
    I move that we assign the TACO designation to the background and go with Trump as the WIZ!

  2. From TFN on May 30th about Trump’s “something is coming soon” strategy.

    April 24: Continued aid to Ukraine? “[A]sk that question in two weeks.”

    April 27: Do ya trust Putin? “We’ll let you know in about two weeks.”

    May 14: Is Putin tapping you along? “I’ll let you know in a week. I’ll let you know in a few days.”

    May 19: No, really, is Putin tapping you along? “I could answer that question better in two weeks or four weeks from now.”

    May 28: How’s that answer coming, bunky? “[I]t’ll take about a week and a half, two weeks.”

  3. Investors seem more interested in US/China tariffs than on US/ROW. Maybe because latter has been kind of diffuse, no big trading relationship has gone to the brink yet and grabbed investor attention.

    If China is able to string Trump along, dribbling him just enough hope that he doesn’t re-escalate bigly, which he is afraid to do anyway, such that the de facto tariff is a perfectly manageable (for China) 30%, then the tariff volatility and risk seems greatly diminished.

    Sure Trump will take it out on other countries, but US stock exposure to Trump tantrum tariffs on Japan or EU or India seems rather limited, more industry or name specific.

    The US/EU contest seems like the biggest risk, not so much from US tariffs as from EU retaliation on US Megas.

    Meanwhile, the BBB is probably not going to get worse in the Senate – from the perspective of investors, anyway – and it’ll just be skirmishing and posturing for a month or more.

    Could it actually be a restful summer? Vacations and all that?

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