- Need to see de-escalation with China on tariffs.
- China needs to rebalance.
- If US, China can rebalance together, that would be a big deal.
- Tariffs situation with China will be a multi step process.
- Chinese economy is slowing down substantially, we will likely revisit Trump’s phase 1 trade deal.
- If holiday orders not placed, could be devastating for China.
- We are going to bring down China’s unfair trade barriers, hold China to its prior commitments.
- I am meeting with Japan on trade today.
- Had very good meetings with Indonesian Finance Minister.
- I’m not involved with EU talks now.
- We are going to bring down European digital services taxes.
- Will lessen uncertainty on tariffs every day and every week.
- Strategic uncertainty is a Trump negotiating tactic.
The bolded comment is key for markets and it’s what has been sustaining the stock market rally since April 9 pause. He’s basically telling us that the markets and the economy are indeed important for them despite Trump saying that he doesn’t care as long as he gets what he wants.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
