Tarrifs coupled with higher oil prices could cause a squeeze on a lot of middle class families in America.
Trump is actually trying to get China onto the table for renegotiation. He is one of the smartest businessman I have ever seen to be honest. No one in the history of American's presidency has pulled off what he has done so far in less than 2 years. Many disagree with Trump on tariffs because he is against free trades. But the EU, Canada and China are charging high tariffs on U.S. products while the U.S. charges much lesser tariffs. Hence, contributing to the trade deficit. I also think Trump is doing the right thing to pressure the EU by threatening to pull off NATO's funding. European leaders ‘scared to death’ Donald Trump will pull US troops out of continent https://www.independent.co.uk/news/...anetta-germany-uk-france-baltic-a8437111.html http://www.foxnews.com/politics/201...ull-us-troops-home-ex-defense-chief-says.html
Overall, tariffs totaling $5.7 billion were levied on US exports to the EU in 2015. The far greater volume of EU exports into the US were subject to customs duties of just $7.1 billion. So there's a difference of 1.4 billion - peanuts when it comes to US debt or the budget. While the status quo is slightly unfair towards US, all his BS about tariffs saving the US economy are deliberately misleading and won't fix anything. Besides, US consumers will end up paying for it while the government coffers are filled up. So, if you want a wealthier government with poorer people then yes, Trump is your man.
Trump clearly has mental problems. First threatening EU and a few hours later he said he has "very good relations" with Merkel. He can switch from black to white in an eyewink. He is mentally unstable, that's very clear. Putin was his friend too, but then became his enemy, and now he will meet him again. Wants to be friends again? Or is he going to receive new instructions from Vladimir to make America small again for his personal benefits?
when one day the market mysteriously turns around in a big way, you will know that Trump gave Goldman etc. the order to buy and the Spec. ..will have been proven to be right.
heard of carrots and sticks? how does one build a multi-billion real estate empire, in NYC, where the mobs had a foot in everything? negotiations skills in the highest order.
I am surprised by the lack of insight on a trading forum. seems most people are getting ideas fed to them by clueless MSMs. traders need independent thinking. which is not as difficult as it may sound. Look at equities globally, currencies... who are shitting in the pants right now? The man is winning... yeah it might sound cool to comment on the sidelines, but these shallow comments won't age well.
The price action on NFP day was tip off, it’s almost as if the mark needed to be moved enough so that future bad news wouldn’t deteriorate technicals. It was the most unusual set of days this year so far.