Moments ago, when reporting that Paul Ryan – and other senior members of Congress – had joined the Tariff Resistance, demanding that Trump kill the proposed steel and alu import tariffs, we quoted Bloomberg’s Michael Regan who remarked that “this is either a strong signal that Trump may end up being talked out of tariffs, or a strong signal that Paul Ryan’s about to get saddled with a new insult-comic nickname from Trump.“
Well, it appears that Ryan is about to have a new nickname, because according to flashing red headlines, Trump just said that he won’t be changing his mind.
- TRUMP SAYS NOT BACKING DOWN WHEN ASKED ABOUT RYAN COMMENTS
- TRUMP SAYS HE’S NOT BACKING DOWN ON TRADE
Trump then doubled down – or maybe that’s quadrupled down after all the tweets in the past 3 days – with the following:
- TRUMP THREATENS TO TAX CAR IMPORTS COMING IN `LIKE WATER’
- TRUMP: `I DON’T THINK YOU’RE GOING TO HAVE A TRADE WAR’
- TRUMP SAYS BIGGEST PROBLEM ON TRADE IS CHINA
- TRUMP FINISHES SPEAKING IN MEETING WITH NETANYAHU
So far, the market refuses to react clearly convinced that Trump is, once again, bluffing.
via Zero Hedge http://ift.tt/2Fg44ph Tyler Durden