This ranks as one of the most brilliant maneuvers POTUS has ever made. Had he singled out China from the beginning the market doom and gloom would be similar to what we saw the past week. The pushback from political hacks, the finance sector, and the MSM would have been just as bad.
So, what does he do? He levies tariffs on everyone knowing many will beg to negotiate trade deals, and betting China will dig in its heels. Now, he isolates China and the market has no other choice, but to recognize the situation as a big picture win.
This ranks as one of the most brilliant maneuvers POTUS has ever made. Had he singled out China from the beginning the market doom and gloom would be similar to what we saw the past week. The pushback from political hacks, the finance sector, and the MSM would have been just as bad.
So, what does he do? He levies tariffs on everyone knowing many will beg to negotiate trade deals, and betting China will dig in its heels. Now, he isolates China and the market has no other choice, but to recognize the situation as a big picture win.
Pick the target, freeze it, personalize it, and polarize it.
Saul Alinsky
I mean technically the market is still down
You’re right, it’s still down, even so the market sent a very clear signal.