> The U.S.-China trade war fallout has begun. The Port of Los Angeles anticipates plummeting cargo traffic until a deal on tariffs is reached, but the Trump administration has not indicated whether negotiations are happening. Time is running out, a JPMorgan chief market strategist said.
As is so often the case, Fortune is burying the lede here and making the situation look better than it is. The administration _has_ indicated that negotiations are happening, but China has denied that any such negotiations have occurred [0]. Given the trump administration's horrendous track record of blatant lies, there is no reason to believe them.
In the best case, there are quiet negotiations going on, but there's a real chance here that trump is fully losing his mind, his mental state has been on the decline for years and the things he says are becoming more incoherent by the week.
I am more inclined to believe that there are effectively no ongoing negotiations, and our trade policy is being determined largely by whoever gets the last word in with trump before he tweets something idiotic. This is an unsustainable situation.
If you live in the US, now is an excellent time to contact your senators and representatives and demand some accountability.
Trump is making decisions how Trump has always made decisions; by agreeing with whoever kisses his ass the best and most often
>If you live in the US, now is an excellent time to contact your senators and representatives and demand some accountability.
They. Are. Complicit. At this point, any senator at all is complicit in this nonsense. They hold the checks and balances on the executive wing. They're not even trying to use them, at best, and actively subverting them, in all truth.
It should be very telling that a VERY long term congressman like Dick Durbin is not seeking re-election. That's a bad sign.
As is so often the case, Fortune is burying the lede here and making the situation look better than it is. The administration _has_ indicated that negotiations are happening, but China has denied that any such negotiations have occurred [0]. Given the trump administration's horrendous track record of blatant lies, there is no reason to believe them.
In the best case, there are quiet negotiations going on, but there's a real chance here that trump is fully losing his mind, his mental state has been on the decline for years and the things he says are becoming more incoherent by the week.
I am more inclined to believe that there are effectively no ongoing negotiations, and our trade policy is being determined largely by whoever gets the last word in with trump before he tweets something idiotic. This is an unsustainable situation.
If you live in the US, now is an excellent time to contact your senators and representatives and demand some accountability.
[0] https://www.nbcchicago.com/news/business/money-report/china-...