Suddenly, China Isn’t A Currency Manipulator Anymore
And therein lies the irony.
And therein lies the irony.
It’s dire. With apologies, there’s no other way to describe it.
Thanks to the retaliatory levies in place on US products, American exports will be less competitive.
According to the ubiquitous “people familiar with the matter”…
“This is a narrower deal than we were expecting”.
“They want it and so do we!”
It’s worth adding a generic caveat…
Another day, another dour data point.
“It’s not the behavior we expect from the US toward one of its main allies”.
Cheese, pedicure preparations, makeup and, of course, handbags.
“Global trade remains the most significant cross-industry issue”.
“Sources in Beijing informed the Global Times”…
“We have traded up on such optimism before, only to then be let down”.
Relax – the base case is that the bull market continues.
There’s “career risk” involved in making recession the baseline.
“President Trump needs to sign the bill using braille”.
It’s still wholly convoluted.
“All-in” on a trade deal and the burgeoning pro-risk rotation?
“The person… cautioned there is always uncertainty” around Trump and tariffs.
“What’s certain is that”…
So, which is it going to be?
You can always count on Peter…
It would be the first time the Trump administration has removed duties since the beginning of the trade war.
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