Trump Sends Markets Sliding

President Donald Trump. What can I say. He’s the most off-the-wall president that ever led the United States. Some will say that he’s made tremendous progress happen, others will argue to the teeth that he has done very little

I tend to side with the latter. While I don’t generally discuss politics here, in my view, a country should never be led by a selfish leader. Today, Trump made a very selfish move, and it caused the markets to spiral into the red.

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What Trump Did To Send The Markets Red

In a statement, President Trump provided somewhat of a timeline for a trade deal with China. However, it wasn’t what investors wanted to see. In fact, in a statement, Trump said:

I have no deadline, no. In some ways, I think it’s better to wait until after the election with China. I just tell you, in some ways, I like the idea of waiting until after the election for a China deal, but they wan to make a deal now and we’ll see whether or not the deal is going to be right, it’s gotta be right.

It’s not if they want to make it, it’s if I want to make it, and we’ll see what happens. I don’t know that I want to make it, but we’re going to find out pretty soon, we’ll surprise everybody.

What A Statement!

Think about it, what’s the reason for Trump waiting to make a deal here? With elections around the corner, it seems as though President Trump is hoping that waiting to make a deal with China will secure votes.

While we have no idea if China is itching for a deal, as Trump made it seem, what we do know is that for very selfish reasons, Trump is willing to continue a war led by tariffs that is dampening the global economy.

Moreover, we know that because of this extremely selfish statement, markets are sliding. Investors are concerned that a prolonged trade war could lead to a global recession, and they may be right.

As such, all of the big names, from Apple to Amazon, to Google and Microsoft, are seeing declins in value today. In fact, the pain is being felt in the microcap space as well, with StockTwits’ Heatmap showing a sea of red.

All in all, today is a bad day for the market and the global economy, and it’s all thanks to an extremely selfish statement that sets the stage for economic pain ahead.

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