- We’re going to get the Dow to 50,000 (from 37,800 now)
- We’re lowering oil prices
- China, Vietnam and German are going to have to engage in fiscal stimulus to reorient their economies
- Any talk of recession is ‘silly’ given expected tax cuts
- Market is trying to find its bottom
- The President will always listen on negotiations
- Vietnam says that when they go to zero tariffs, it means nothing to us
- Cites trans-shipments from China, IP theft, dumping, 10% VAT
- This ‘zero tariff’ thing is misdirection
- I see tariffs as a tax cut
He said the EU needs to drop its 19% VAT to get a deal… right.
This article was written by Adam Button at www.forexlive.com.