- Need to see de-escalation with China on tariffs.
- China needs to rebalance.
- If US, China can rebalance together, that would be a big deal.
- Tariffs situation with China will be a multi step process.
- Chinese economy is slowing down substantially, we will likely revisit Trump's phase 1 trade deal.
- If holiday orders not placed, could be devastating for China.
- We are going to bring down China's unfair trade barriers, hold China to its prior commitments.
- I am meeting with Japan on trade today.
- Had very good meetings with Indonesian Finance Minister.
- I'm not involved with EU talks now.
- We are going to bring down European digital services taxes.
- Will lessen uncertainty on tariffs every day and every week.
- Strategic uncertainty is a Trump negotiating tactic.
The bolded comment is key for markets and it's what has been sustaining the stock market rally since April 9 pause. He's basically telling us that the markets and the economy are indeed important for them despite Trump saying that he doesn't care as long as he gets what he wants.
