Trump had a nearly hour-long meltdown on live TV this morning
With that little prelude out of the way, the subject then turned to the administration‘s wildly unpopular, self-defeating trade war. Bartiromo noted that the markets having been trading higher due to optimism that a meeting between Trump and Chinese presidentat the G20 might lead to a deal.
“We had a deal with [China], and it was very close, we were just finishing it, and you know my whole life is deals.
He continued: “Since tariffs have been on, the market has been going through the roof if you know what I’m talking about…Now you have another $325 billion I haven’t taxed yet. IT’S. RIPE. FOR. TAXING. For putting tariffs on…. It‘s been an incredible thing. Am I happy now? Absolutely…. When you say, ‘Are we going to make a deal?’ It’s possible we’re going to make a deal, but I’m also very happy where we are now, we’re taking in a fortune….
And apparently, because the trade war with Beijing is working out so well, Europe may be next. “Are you working on a deal with Europe?” Bartiromo wondered. “Is Europe going to be your next target after you’re done with China?” It is if Uncle Don has anything to say about it! “Europe treats us worse than China,” Trump ranted. “I come from Europe, you come from Europe, you’re of the European nations.
In reality, of course, the Fed has not raised interest rates since December and indicated last week that a cut may be in the offing. But speaking of
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