Somebody Had Better Blink Soon

(1) Trump’s dogs of war are no longer just barking. They are biting. (2) Trump considering tariff on all Chinese imports. (3) Hedge clause (“barring a trade war”) is no longer a hypothetical threat. (4) Markets are saying China has more to lose than US. (5) Dr. Copper raising odds of recession in China. (6) US imports from China are three times greater than US exports to China. (7) Emerging market economies suffer collateral damage. (8) US yield curve reflects global flight to US quality. (9) Will Europeans blink on auto tariffs? (10) Is there method to Trump’s madness on trade? (11) Trucking index rose to record high in US during May. (12) Movie review: “Won’t You Be My Neighbor?” (+ + +).