Trump has met with House Republicans and the results are looking like:
- He is asking Republicans to trust him on trade negotiations with China, to give him leeway
- he would sign any Republican immigration bill the House of Representatives passes without seeking any changes
It appears there is potential for some of the heat to come out of both these issues.
- I have argued the child separation policy and trade belligerence are interrelated (here: Trade war complacency is growing)
- While GS head Blankfein says the tough trade talk is just bargaining (here: Trump tariff threats against China, but probably no trade war says Goldman Sachs Blankfein)
A wind back on both or either should be a 'risk' positive. For now at least!
& maybe Yi Gang is right?
