Market rockets forward...
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After telling the world "It's a great time to buy!" this morning, President Trump just raised tariffs on communist China to 125%, and the catcher is -- he lowered and paused on those countries that had called to negotiate, and did not escalate, setting at 10% for 90 days.
The financial markets exploded in relief with the NASDAQ on track for its best day since 2008.
White House spokesman Karoline Leavitt said the media, and world leaders, plainly didn't see the 'art of the deal' and what Trump is doing, at a recent press conference outside The White House.
The move appeases many in the financial class who were upset at the implementation of the tariffs, the levels that were set, and how they were calculated.
Many financial professionals were calling for a 'walk back' or a 'recalibration'.
It looks as if Trump gave them what they wanted, while essentially achieving what he wanted -- pressure on China, and to support those who chose the United States over China. European and other leaders in China's pocket are now known.
