Is Trump Just Winging It?

Dan Balz: “No amount of White House spin can undo the impression that the president, spooked by the financial markets and influenced by a public warning of dire economic problems ahead from JPMorgan CEO Jamie Dimon, blinked. Chaos in the bond market will likely cost the government — and therefore taxpayers — billions more in interest on the national debt.”

“Nor can the White House confidently explain what the arms race in tariffs with China, its most significant economic adversary, is meant to produce. Is it an end to the trading relationship between the two largest economies in the world? Is it to produce a more level playing field with a country that has abused the rules? If the latter, what are the terms of a peace agreement?”