laseyguy, you said, "Frankly the "tariff man" needs to find a better technique to negotiate"
What kind of compelling "offer they can't refuse" would you suggest?
The last president wasn't effective at all in trade relations. I'll leave that there.
This President is not starting a war or imposing an embargo over the trade deficit with China. And look what just happened with Mexico, with just the THREAT of a tariff. He has said he doesn't want tariffs, and that they'll go away when trade gets back into a better balance. I believe that.
In the meantime, do I like it? Heck no. It's putting downward pressure on parts of the economy and the market. And ISRG stock. But China has not been dealt with like this before; it's new territory, and so we must wait and see what they do in response.
China's people and economy may suffer more than ours, IMO, if this continues and commerce is slowed further. But the Chinese elite will be above that fray, Communism being like that, so maybe they will choose to hang in there longer than we will.
We may not like belt-tightening in this stare-down, since We the People are probably more sensitive and emotionally reactive to effects on our general standard of living than the decision-makers over there, but I, too hope this is resolved soon.
td
