The president's gambit is backed up by a solid stock market and an economy that gives him the leeway to keep pressing his case.
Trump told CNBC last July that he felt like he was "playing with the bank's money" when it comes to the trade dispute with China.
President Donald Trump speaks at the 38th Annual National Peace Officers Memorial Service on Capitol Hill in Washington, May 15, 2019.When it comes to his position on the U.S.-China trade dispute, President Donald Trump is still playing the role of a riverboat gambler on a hot streak., to explain his aggressive tariff strategy both against China and other partners around the world.
What he's seen over the past year is a nation on edge, worried about its growth potential as it switches from an export-driven economy to one that has better balance due to stronger consumption. With that backdrop, Trump would seem to have plenty of chips and a strong hand to play.on Wall Street. Market participants worry that escalation in the tit-for-tat tariff battle could dent business and consumer confidence and lead to a prolonged slowdown."China really needs a deal.
, the most popular ETF for playing the large-cap index. Equity ETFs and mutual funds have seen $116 billion in outflows in 2019 even with the sizable gains stocks have seen, according to Bank of America Merrill Lynch
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