- I haven’t seen the stock market
- Says they will work out something for both the US and China
- The first deal on tariffs is very close
- If we can’t make a deal then tariffs go back to where they were
- Would use money from tariffs to pay down debt
- I’m not considering exemptions for companies right now, but it could happen
These are some positive comments because 145% tariffs ain’t it.
Critically, the question about the first deal will be whether it eliminates the 10% tariff floor. If that remains in place, we have a big problem.
This article was written by Adam Button at www.forexlive.com.