Excerpt from Washington Post article, Trump can’t figure out what he wants from China:
Some business executives — pleasantly surprised by the president’s change of course — and administration officials said they feared that criticism of Trump for going soft on China could cause the president to swing back toward the hard-line camp at any moment.
“We have a confusing message coming from our government,” said David Kotok, chief investment officer of Cumberland Advisors, which manages $3 billion in assets. “If policy evolves in a week, and it’s based on what somebody sees on Fox News, then you’ve got a problem.”
Fears of a trade war are starting to affect financial markets, especially shares of the largest corporations that are exposed to global trends, he said. The Dow Jones industrial average, which fell more than 165 points Wednesday, is down more than 9 percent from its January peak.
Read the full article at Washington Post