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Economy
Wilbur Ross: Stock-Market Downturn Won't Deter Trump on Trade
2018-07-03
[National Review] Commerce Secretary Wilbur Ross said definitively Monday that the Trump administration will not alter its protectionist trade agenda in response to a downturn, however drastic, in the stock market.
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

#6  Watch this. Then revisit the trade war.
Posted by: 3dc   2018-07-03 20:26  

#5  Nobody names their kid Wibuuuur anymore. Perhaps they should. Sexcapades and personal grooming are obviously not an issue. This fellow appears to take his job quite seriously.

More please, much more,
Posted by: Besoeker   2018-07-03 16:42  

#4  Trade imbalances, depending on the type, amount, and ignorances can kill a civilization. Including America. Just ask the native Americans how the imbalances/ignorances of the time worked out for them. This has to be addressed by adults, and not just ride on the status quo.
Posted by: gorb   2018-07-03 16:36  

#3  Trump is negotiating trade, not actually starting a trade war. During a negotiation there are bluffs and exaggerations and such. Folks either do not or are intentionally misunderstanding what's going on. I suspect the later.
Posted by: rjschwarz   2018-07-03 15:02  

#2  Has anybody - ANYbody - ever described any potential benefits to 'Tarmp's Trade Way"?

If there is no possible benefit, then the plan must be the work of Trump and his basket of deplorable lunatics.
Posted by: Bobby   2018-07-03 08:17  

#1  Those stock market changes are probably more driven by balancing out currency valuation changes.
Posted by: Bright Pebbles   2018-07-03 05:00  

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