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Wilbur Ross: Stock-Market Downturn Won't Deter Trump on Trade
Wilbuuuuuur.... "There’s no bright-line level of the stock market that’s going to change policy," Ross said on CNBC’s Squawk Box. "The president is trying to fix long-term problems that should have been fixed a long time ago." Widespread concern about the administration’s expanding trade war with both European allies and China is slowing the bull market that Trump has enjoyed since taking office. Ross, however, cast the downturn as the inevitable cost of high-level trade negotiations in his comments Monday. "There is obviously going to be some pulling and tugging as we try to deal with very serious problems," he said. "There will be some hiccups along the way." Posted by: Besoeker 2018-07-03 |
| http://www.rantburg.com/poparticle.php?ID=517691 |