The market is sending a clear signal (as this morning’s 470 point Dow decline [+370 to -100] attests) that the time for public browbeating is over, and that serious negotiations that lead to a lasting solution need to begin.
News overnight that China is close to reducing tariffs on U.S. automobiles was met this morning with the following:
“The Trump administration is preparing a series of actions this week to call out Beijing for what it says are China’s continued efforts to steal America’s trade secrets and advanced technologies and compromise sensitive government and corporate computers, according to U.S. officials.”