Excerpt from...

CNN Business

Tariff Man keeps coming back because trade wars aren't easy to win
https://www.cnn.com/2019/12/03/business/trade-war-trump-china-france/index.html
by Matt Egan - Dec 23, 2019

New York (CNN Business) President Donald Trump, armed with sweeping tax cuts and a handpicked Federal Reserve chief, confidently told the world in March 2018 that "trade wars are good, and easy to win."

Nearly two years later, the United States is bogged down in a trade war with China -- a battle that may erupt just in time for Christmas.

"Trade wars are hard, and everybody loses," said David Kelly, chief global strategist at JPMorgan Funds.

Trump, who has proudly called himself Tariff Man, suggested Tuesday that a trade agreement with China may not happen until after the 2020 election.

The Dow has plunged more than 700 points, or nearly 3%, over the past three trading days.

"Forecast for 2020: There will be no settlement in the Trump Trade War, nor will there be a reduction in China-US tensions," David Kotok, chairman and chief investment officer at Cumberland Advisors, wrote in a note on Tuesday.

So much for trade wars being easy to win.

Full story at link: https://www.cnn.com/2019/12/03/business/trade-war-trump-china-france/index.html

Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.

Sign up for our FREE Cumberland Market Commentaries

Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.