What you're not hearing about US/China trade talks
Do higher tariffs tomorrow mean a forever-war with China?
Do higher tariffs tomorrow mean a forever-war with China?
S&P Global portfolio manager Erin Gibbs and TrendMacro CIO Donald Luskin discuss how the U.S.-China trade war is affecting the markets.
Meanwhile Donald Luskin of Trend Macrolytics generally sees the art of the deal:
"Just because we are seeing such things now does not mean the deal is falling apart. To be sure, it might mean that. Mistakes can happen. But more likely it signals the highly turbulent edge of chaos – the existential interface between “yes” and “no” – that all negotiations have to pass through before they end.
This is how deals are done. Trump has to act crazy and scare markets, or he won’t scare Xi.
Today’s strong numbers are as full of contradictions as February’s weak ones.