I think Trump is finally being Trump.
For two years he told us he was a man of action. He told us he is a deal maker.
This is what he is doing. I think he did the calculation of what they would end up with after 20 days of getting beat up by the opposition. It likely came out to be about the same deal that he got. And he got Harvey relief as well.
Think about what’s coming in the next few months: Two huge hurricanes, North Korea, and a challenging economy. Look for stories about the collapse of the petro dollar—and that could lead to the dumping of the dollar very quickly.
This is not the time for twiddling his thumbs. This is a precarious time. It is a time to lead—and he is finally doing it.
To your point:
“China’s New Gold-Backed Oil Futures Contract Cuts Out U.S. Dollar”
https://seekingalpha.com/article/4104448-chinas-new-gold-backed-oil-futures-contract-cuts-u-s-dollar