Payne's Perspective: May 20, 2019: Changing Terms
Last week was all about the next level in the trade war after the White House pushed back vigorously against China’s attempts to change the terms of the deal that had been verbalized. The United States and investors anticipated the deal was 95% complete.
Perhaps it still is, but China took a shot at changing terms thinking political stakes in the United States would force President Trump to take any deal. Interestingly, Washington, D.C. rallied around the White House, with key Democrats calling for Trump to remain firm and stay the course.
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