Well, it wouldn’t really be a “normal” day at the White House without some more aggressive rhetoric from Trump, would it? Today the U.S president decided to pick on two major players, China and Powell. Besides saying that he had no option regarding going after China, after decades of “cheating”, and regardless of short-term damages to the U.S economy as a result of the trade war, he said it on the same day that a major F-16 sale was approved to Taiwan, something that will for certain not be welcomed by President Xi.
As for Powell, Trump once again got personal and accused the FED chairman of hurting the economy, in his words, “He’s like a golfer who can’t putt, has no touch. Big U.S. growth if he does the right thing, BIG CUT – but don’t count on him!”, as if Trump already knew what is going to come out from the minutes later in the day, which should be a less dovish stance from the U.S central bank board members. For now, Wall Street is up due to some retailers better than anticipated earnings results, but be careful out there, especially around the 2pm, New York time.
Photo by Martin Ceralde.
