Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Trump Can’t Have His Tariffs and the Stock Market Too

Posted December 19, 2018

Under Economic Issues, International Trade Issues

(Ben White – Politico)

President Donald Trump loves two things very much: tariffs and a rising stock market. It’s becoming increasingly clear he can’t have both.

Free-traders inside and outside the White House are now hoping that Trump’s love for new highs on Wall Street will temper his commitment to trade battles and help bring the current fight with China to a soft landing rather than total war next year.

“I think Trump the Dow Jones Man is ultimately going to eat Trump the Tariff Man,” said one former senior administration official intimately familiar with the president’s stock market obsession, citing Trump’s touting of a recent agreement to hold off on increased tariffs after a dinner with Chinese President Xi Jinping. “What he agreed to after that dinner had basically been on the table for two years. He knew he had to give Wall Street something.” Click here to read more.

Related: Trump’s Stock Market Obsession, Deconstructed (CNN)