Trump forecasts very good deal with China on tariffs and trade: A deal today after the Prime Minister expressed her hope that they would come to a mutually agreeable conclusion. Just a reminder that she is hosting the Vice President in Rome tomorrow.
A few days, heading to India. With a shortened trading week, how much of a boost would it be for everybody psychologically and otherwise if the White House is now able to announce a trade deal or two?
I think that’s the key for your 401(k), your savings, retirement. All traders, investors are hanging on the words of the negotiations. The markets were open today. All of this optimism from Trump about what’s going on. He expects a deal with Europe: “We will get that done. Going to be easy.”
What he has that no one else on the planet has is the American consumer. We spend so much money. So many people want to be in our marketplace selling to our consumers. It’s a real advantage I think a lot of people don’t understand or maybe just discount.
This was good news. He also said – and this is important – that the country is taking in hundreds of billions of dollars in tariffs. There are real concerns about this monster debt we put together, so that’s good news, what I heard in this press conference.
Impacts not only are physical or mental health. I say don’t check the 401(k). [Laughter] If you are skittish, leave it alone for a while.
And I agree about the optimism. Made some really key points that he feels this country is taken advantage of by other countries. Look at Europe where we average a 1% tariff across the board with no free-trade agreement. Now it is 15%, but you know what Europe does to us? Whiskey alone had a 20% tax.
Last point, the art of the deal. He is with the Prime Minister. The art of the deal is how he does it in person. I think he will negotiate something.
I think he also likes the Italian Prime Minister. They share a similar worldview, anti-globalist, anti-illegal immigration.
To your point, it’s the classic art of the deal, classic Donald Trump. He takes a more extreme position to push the opposition into compromise. He thrives in the unpredictability and chaos. He likes that his opponents do not know exactly what he’s doing.
That’s also why he is so good at foreign policy as well. I think when he recognized there was too much volatility, he took a beat, took a pause. “Here are some of the deals that would give businesses confidence, investors confidence.”
I think once we are on the other side of this, we will be in a better position as a country.
Source: raialkhalij + aljazeera