Some girls named Jennifer Jacobs and Saleha Mohsin has a source who says Trump wants to ink a deal with China, not for the benefit of the American people, but to buoy share prices — in what can only be the most narcissitic thing a person has ever done in the history of the world.
Now to the girls to see this ground-breaking reporting.
President Donald Trump is pressuring U.S. trade negotiators to cut a deal with China soon in hope of fueling a market rally, as he grows increasingly concerned that the lack of an agreement could drag down stocks, according to people familiar with the matter.
As trade talks with China advance, Trump has noticed the market gains that followed each sign of progress, said the people, who requested anonymity to discuss internal deliberations. He watched U.S. and Asian stocks rise on his decision to delay an increase in tariffs on Chinese goods scheduled for March 1, one of the people said.
Trump’s fixation on stock-market performance has shaped his assessments of his economic policies. Top White House staff know to be aware of how markets are performing when summoned to the Oval Office to speak with Trump because the president often asks: ‘‘What’s happening with the markets?’’
Trump’s economic team has told him an agreement will unleash a market rally, the people said. Advocates of a compromise with China have also told Trump it is crucial to cut a deal soon to reap the full boost ahead of the election because benefits such as more Chinese purchases of U.S. soybeans and other products will have a delayed impact and take time to reverberate through the economy, they said.
“The risk could be more to the downside, but on the other hand this would take away some certainty and that is good for companies looking to invest,” said Sebastien Page, head of global multi-asset strategy at T. Rowe Price in Baltimore. “If we get a meaningful trade deal, there is some upside scenarios for emerging market stocks.”
There you have it. The President, most likely due to his failure as a CEO to create any form of shareholder value — performing one public display of bankruptcy after the next, is a box watcher. He watches the markets, just like you and me, hoping for the love of God that Larry Judlow performs some form of magic to get the obstinate Chinese to broker a deal with him — just so he can cavort around the country telling people how well stocks did during his tenure.
BONUS: Jen chimes in on the trade deficit. Tariff man is so screwed.