Trump's Tariff Threats Are Working On China
https://www.forbes.com/sites/kenrapo.../#4a779fb47c86
The market owes a lot of today's bounce to Chinese president Xi Jinping. He has conceded that tariffs on U.S. cars and trucks coming into his country are too high. They are coming down.
Threats of trade tariffs work. Removing the threat of adding extra costs to foreign exporters is like going into a fistfight in handcuffs. You can still win that fight if you're really crafty and great at kicking, but all things being equal, you're probably going to down in the first round.
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