U.S. President Donald Trump while in Europe for a NATO summit spooked financial markets by saying he 'would like to wait until after the 2020 American general election' to conclude a trade deal with the communist, totalitarian nation of China.
Equity markets reacted negatively on the news and bonds rose in a Pavlovian flight to safety response.
“I have no deadline, no. In some ways, I think I think it’s better to wait until after the election with China...In some ways, I like the idea of waiting until after the election for the China deal. But they want to make a deal now, and we’ll see whether or not the deal’s going to be right; it’s got to be right," Trump declared in London this morning.
Chinese state-run media voiced the Chicom's rage at yet again being out-played by POTUS.
Contrary to the Twitter bravado, as CD Media wrote recently, higher tariffs on Dec 15th and having them in place for another year will be a death blow to the Chinese house of cards economy and probably the nail in the coffin for Xi Jinping's 'lifetime' reign.
Look for Xi to come running back with his tail between his legs for the simple fact is Trump no longer needs a China trade deal - the Chimerica relationship is decoupling.
What China wants and what they are not going to get is a removal of tariffs. They aren't going to achieve that goal without reform of their legal and trade system, which they cannot do.
This is a battle between good and evil, and good is winning.
"...In some ways, I think I think it’s better to wait until after Xi disappears..."
Trump has said this from day one. No deal is better than a bad deal, and China is finally paying a heavy Price for decades of cheating. They'll make a deal when they are ready. Until then, they suffer a lot more than we do.
No surrender like Bush and Obama, keep the pressure on!
How hideous that RINOs conspired with Democrats to form a uni-party that sold American workers and the U.S. national interest down the toilet for decades in order to enrich themselves and their globalist backers as fast as possible.
And how amazing that a real estate developer from New York City repented of his part in it, surrounded himself with traditional Christians and patriots from all walks of life, and is now actually fixing the problem.
These are amazing times we live in.
Supporting Honk Kong and working against Chinese long-term interests is one of the most important things a president of consequence could do for Americans. For decades, China has worked with corrupt politicians on both sides of the aisles and now, at last, we have the man who can, and is, making great changes to save our future.
Can anyone really doubt there is no greater president in our history?