By Tyler Durden
Navarro Doubles Down On Trade Deal Report Denial, Says “Only Trump” Can Remove Tariff
Detective Rustin Cohle would have had a field day with the trade negotiations. Like Cohle’s catchphrase from Season One of “True Detective” goes: “Time is a flat circle – everything we have done or will do we will do over and over and over again, forever.”
First, there were anxieties about the fate of the “Phase 1” trade deal, followed by rumors that the two sides might be able to work something out, followed by false reports that a multi-phase deal had been struck, and now…the White House is pouring cold water on these rumors, insisting that the two sides are nowhere near a deal to remove all US trade war tariffs.
If we had to represent this visually, the chart would look like this:
White House Advisor Peter Navarro appeared on Morning Edition Friday to talk down the odds of lifting the tariffs, arguing that they are a critical point of leverage, and that removing them would take the pressure off Beijing to hold up its end of the deal. During the NPR interview, he reportedly …read more
Source:: Zero Hedge