Trumps misery, China’s plight! Video Outlook (german)

It is probably no coincidence that Trump has made the U-turn and is now in fact exempting the really important products such as smartphones from the new 10% tariffs: this time the US President must have listened to his moderate advisors (Mnuchin, Lighthyzer) and not to the radicals (Navarro), so in fact the new tariffs are largely ineffective. Trump has thus involuntarily revealed its weak negotiating position, but China also urgently needs relief now, as the miserable economic data published tonight shows. Should the markets not be able to take further advantage of this (temporary?) de-escalation between the US and China, then we know that the problems are much deeper. Today the focus is on German GDP…

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