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The situation is unusual in that it’s entirely in Trump’s hands. The president can usually influence, but rarely control, economic challenges — a bank collapse, a housing bubble, a pandemic. In the current market rout, Trump is the cause. He imposed the tariffs, and he decides when they go.
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Unlike other complex pieces of policy — income tax
... See moreEarlier this month PGA Tour commissioner Jay Monahan implored Trump to moderate the merger negotiations between his circuit and the Saudi-backed LIV Golf, which would enrich the family business. “One doesn’t know if he is acting as president of the United States or simply as a businessman, in trying to promote this merger,” US representative Jamie... See more
Sports are an ideal home for Donald Trump’s singular brand of ego stroking
As a base case, I don’t expect tariff-related turmoil of a magnitude that was experienced in April of this year, but I do think it could pick up a bit relative to the past month or two.
When the stock market is selling off and the bond market is experiencing high volatility, the administration has a strong incentive to put out the fire. However,
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