Former Treasury Secretary, Larry Samars, says “Trump” on the China tariff, sometimes it is good to flash, “where the sigh of markets breathe
What happened: On Monday, the former treasury minister Larry Samarz The most prominent joint events on his X account from his appearance on “The Arena” in CNN, where the Trump administration’s move discussed the retreat of the “very punitive” tariff system against China.
The summer highlighted a pattern that he noticed since “Liberation Day”, noting that “the more adherence to the policies of liberation day, the lower the markets. The more signs of retreat, the higher markets.” “Today was a day to retreat, and so the markets rose,” he says.
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He says It is “very clear” that he was president Donald Trump Which “retreated”, because “China has not made any change or great in its policies.”
“Sometimes it is good to flash,” says Samarz. “When you make a mistake, it is better to correct it and retreat, even if it is a little embarrassing,” he says. Scott Pesin To lead it during this period.
Speaking of the dangers of stagnation, Samarz says he is “encouraged” by the administration as it is less committed to its “catastrophic policies”, as he was afraid in the past. He now sees the possibilities of stagnation in “a little on the southern side of 50/50.”
He says this is very due to “the administration seems to turn the wheel, rather than driving the car on a slope.”
Why do it matter: The shares have risen yet Edge tariff with China On Monday, with the technology sector vision great gains, as an analyst Dan Eve It is called a “dream scenario” for technology investors.
The summer was an audio critic for Customs tariff policiesExpecting a “trauma that resembles an oil crisis” and $ 30 trillion of potential economic losses.
It is also This narration rejected From China is cheating in trade, saying that “if China wants to sell us really low prices,” such as solar energy collectors or cheap electric cars, “it is a good deal for us, adding that we only send them” pieces of paper that we print. “
Photo courtesy: Thomas Rajina on Shutterstock.com
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