President Trump Holds The 'Trump Card'
Nearly everyone is in a tizzy over Trump's tariffs. Countries all over the world have grown accustomed to shafting the US when it comes to trade. They are free to charge tariffs for American goods, but they go into an apoplectic fit when America tries to reciprocate.
The unfair trade balance should have been fixed many decades ago. Like Trump said, many presidents before him could have fixed it but didn't—probably because they didn't want to upset apple carts and cause market instability and anger from our allies.
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3 comments:
Supposedly some Senators--like Grassley--want to intrude and "reduce" presidential tariff power(according to abc noise),but Johnson is not going for it--yet. These GOP guys cave in faster than an imploded Vegas hotel.
--GRA
SUNDAY EVENING S&P FUTURES--DOWN 4.9% SO FAR TONIGHT
4,858.75
-251.50
(-4.92%)
Delayed Data
18:06:24
GRA:Interesting Monday coming,but they call it "Turnaround Tuesday" for a reason--especially after big selloffs on Monday.
This is down to levels where a temporary reversal is quite possible. Have to get through Monday first. The White House says,"more countries want to negotiate their tariffs away."
Stay tuned.
--GRA
Futures are slowly crawling back. Reports that the White House is dropping hints--of some countries volunteering to work with P.T--are the carrot being held in front of the markets(at the right levels to rally).
--GRA
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