President Donald Trump tied the success of the faltering stock market to the election in a tweet Tuesday, suggesting that if the Democrats prevail on Nov. 6 it could mean more losses.
Business leaders and lawmakers are expressing alarm that the White House is apparently not allowing any exemptions to its latest round of China tariffs, which cover $200 billion worth of goods. The U.S. Trade Representative’s Office has yet to create a process for requesting exclusions to the levies, a contrast to previous rounds of tariffs.
China is digging in for the long haul. And President Donald Trump had better start thinking about an exit strategy from a trade war that is showing no signs of easing.