As humorously pointed out earlier, any trader who stepped our for lunch around 1pm, was in shock when the came back following the Trump tweet which not only reignited the trade war with China, leaving the G-20 ceasefire in the trash heap of history, but also sent stocks plunging, with the Dow tumbling more than 500 points from its intraday highs.
Which, naturally prompted question: was Trump again alone when he decided to send out a tweet that roiled every asset class, or was there more coordination this time?
The answer comes from CNBC's Eamon Javers, who tweets that far from unilateral, Trump's tweet came "in the wake of an 11:30 meeting this morning at which President Trump got a report from Treasury Secretary Mnuchin and Trade Representative Robert Lighthizer on their meetings in Shanghai this week."
Eamon Javers
✔
@EamonJavers
A White House official tells me this Twet comes in the wake of an 11:30 meeting this morning at which President Trump got a report from Treasury Secretary Mnuchin and Trade Representative Robert Lighthizer on their meetings in Shanghai this week. https://twitter.com/realdonaldtrump/status/1156979443900067841 …
Donald J. Trump
✔
@realDonaldTrump
Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal. We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing. More recently, China agreed to...
55
10:49 AM - Aug 1, 2019
more,,,,,,,,,,,,,
http://www.zerohedge.com/news/2019-08-01/it-wasnt-just-trump-tariff-tweet-came-after-review-mnuchin-mulvaney-navarro-and?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 
