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RJA - Trump's Tweet-Rant Very Likely To Backfire; Could Change His Tone
AB Svensk Ekportkredit ELEMENTS Linked to the Rogers International Commodity Index - Agriculture Total Return Structured Pro
Intro
Markets were already keyed up for a big Friday, absent any retaliatory tariffs from China or tweets from the President.
Powell delivered his message quite effectively. I discuss his performance in my report: Powell Earns High Marks. The initial market response was pretty muted.
And Then...
Well, next President Trump took to Twitter.
Now, China had deftly timed its announcement to levy $75B in tariffs on US farm goods to roughly coincide with Chair Powell's speech, and also to directly precede President Trump's departure for a G7 meeting in Biarritz, France.