Trade: War-Making or Deal-Making?

(1) US declares that China doesn’t play fair. (2) USTR issues 215-page report on China’s abusive trade practices, focusing on technology. (3) Trump likes to negotiate in public, which unnerves stock investors. (4) Trump aspires to be like Reagan, not Hoover, on trade. (5) “A treacherous path on trade.” (6) Panic Attack #60 isn’t over yet. (7) Remarkable divergence between forward earnings and forward P/E. (8) Not much happening in bond and commodity markets. (9) Major exporters already exempted from Trump’s tariffs on steel and aluminum. (10) Reading Trump’s temperament on trade: He likes to negotiate and win. (11) Like it or not, Trump is delivering on his campaign promises on trade.