20 years ago I might have been nervous but our oil and gas production would see our currency through this. To hell with China and we will probably not have a better time to tell them so.
Little movement in currencies post the announcement. 10 year Treasuries opened down 2bps to 2.81%. Japan’s Topix index is actually up slightly.
Now is the best time for Trump to move on tariffs. Unemployment in the US is low. Jobs are easy to find. Tariffs could cause some dislocations, but the economy can handle it.
“To hell with China and we will probably not have a better time to tell them so”
Now that’s it’s underway, we either win...or lose.
It’s now or never.